Animoca Brands Plans Public Listing in New York Amid Regulatory Changes
Animoca Brands plans a public listing in New York, aiming to leverage the favorable digital asset regulatory environment under the Trump administration. Executive chairman Yat Siu indicated that an announcement could be imminent.
- The U.S. crypto regulatory landscape has shifted, with lawsuits against major firms like Coinbase and Kraken being dropped this year.
- Siu noted that failure to act during this "unique moment" would be a missed opportunity.
- Animoca Brands has been a key player in Web3, previously gaining attention during the NFT boom of 2021.
- Its investments include blockchain game Axie Infinity and NFT marketplace OpenSea.
- Kraken is also considering a public offering in the U.S. next year.
- Recently, Animoca reported a pivot towards advisory services in tokenomics and marketing.
- The company holds $293 million in cash and stablecoins, $538 million in digital assets, and $2.9 billion in off-balance-sheet token reserves.