SinnSeed | 🏢 Animoca Brands: March 2026 Overview
Last night I decided to look for promising and (so far) under-the-radar options in the altcoin space.
Sharing what I found:
Animoca Brands Corporation Limited — one of the companies in Web3, blockchain gaming, NFTs, metaverses, and digital property.
📍 Headquarters — Hong Kong (Cyberport)
📅 Founded in 2014 as a spin-off from mobile developer Animoca (est. 2011)
The company positions itself as a pioneer of the “digital property economy”, investing in projects where users receive real ownership rights through tokenization.
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📖 Brief history and key milestones
▸ 2014–2017 — Focus on mobile games. Listed on ASX (Australian Securities Exchange) in 2015 under ticker AB1
▸ 2018 — Shift to blockchain and NFTs. Launch of blockchain games, investments in AI (Zeroth.ai — not very successful, before the “neural network” boom)
▸ 2019–2021 — Explosive growth: investments in The Sandbox, fundraising rounds (valuation 1–5.9 billion USD), partnerships with Binance, SoftBank, Square Enix
▸ 2020 — Delisting from ASX due to crypto activities and regulatory issues
▸ 2022 — Peak valuation ~6 billion USD, followed by correction during the bear market
▸ 2023–2025 — Portfolio expansion (600+ investments), brand licenses (WWE, MotoGP, Snoop Dogg), focus on RWA, AI and DeFi
▸ 2025–2026 — VASP license from VARA (Dubai, February 2026). Acquisition of SOMO (NFT). Partnerships: GROW Investment Group, Ethoswarm, Rootstock Labs
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👥 Leadership
◾️ Yat Siu — Co-founder and Executive Chairman
Web3 pioneer, previously founded Outblaze (sold to IBM). Frequently speaks in media and at Davos
◾️ Evan Auyang — President
Oversees global operations
◾️ Robby Yung — CEO Investments
Focus on venture deals and crypto
The team emphasizes transparency, compliance, and institutional-grade growth.
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🎯 Policy and approach
✦ Decentralization, users’ digital rights, ❗️regulatory adaptation (VASP license, preparation for going public) ❗️
✦ Ethics: involvement in charity (fundraising for Hong Kong fire victims via crypto)
✦ Investment policy: diversification across verticals — gaming, RWA, AI, DeFi, education — backing 600+ projects
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⚙️ Technologies and key projects
🔹 Blockchain & NFT — The Sandbox (metaverse), Quidd (NFT marketplace)
🔹 Metaverses & games — The Sandbox, OliveX (fitness), REVV Motorsport
🔹 AI integration — Anichess (AI chess), Animoca Minds (agentic economy)
🔹 Education — Open Campus (EDU Chain), Moca Network (MOCA)
🔹 RWA & DeFi — Tokenization of real-world assets, institutional services
🔹 Other — Cross-chain liquidity, digital identity
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💰 Key tokens (March 2026)
Animoca does not have a single “corporate” token, but owns/develops several native ones:
▫️ SAND (The Sandbox) — ~0.082 USD · MC ~241 million USD
▫️ MOCA (Mocaverse) — identity and rewards
▫️ REVV (motorsport games) — low activity
▫️ CHECK (Anichess) — staking and gaming
▫️ EDU (Open Campus) — ~0.10 USD · MC ~83 million USD
Top-10 from their portfolio by market cap: KITE · H (Humanity Protocol) · SAND · MON (Monad) · AXS · FLOW · EDU · SUPER · APE · RESOLV
📊 Digital assets balance: ~558 million USD on balance sheet + ~1.8 billion USD in reserves
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🚀 Future plans: Nasdaq listing (the thing we’re interested in 💵)
Main plan — become a publicly traded company on Nasdaq via reverse merger with Currenc Group Inc. (Nasdaq: CURR, Singapore-based fintech with AI solutions).
📌 Announcement: November 3, 2025 — non-binding term sheet
📌 Structure: Currenc acquires 100% of Animoca via scheme of arrangement → combined company under Animoca Brands brand (Cayman Islands)
📌 Share distribution: Animoca shareholders ~95% / Currenc ~5%
📌 Goals: create the first publicly traded diversified digital assets company — access to the “trillion-dollar altcoin economy”, RWA, AI, DeFi
📌 Valuation: ~1 billion USD (November 2025; previously peaked at 6–10 billion)
📌 Timeline: expected closing in 2026 (some sources say Q3 2026)
Details on Animoca Brands Nasdaq listing plan via reverse merger with Currenc Group (as of March 2026)
The deal was announced on November 3, 2025 (press release from Currenc Group and Animoca Brands, plus Yat Siu’s letter to shareholders). This is a non-binding term sheet (non-obligatory memorandum of understanding), not a final agreement. As of March 2026 there are no public updates on completion — the process is still in preparation and awaiting approvals.
Key deal details (from official sources and SEC filings)
Structure: Reverse merger.
Currenc Group Inc. (Nasdaq: CURR) — already public — plans to acquire 100% of Animoca Brands Corporation Limited via scheme of arrangement (common for Australian/Hong Kong companies).
Post-merger share distribution:
Animoca Brands shareholders receive ~95% of the combined company.
Current Currenc shareholders — ~5%.
Name and structure: Combined company will operate under the Animoca Brands brand.
Legally — Cayman Islands exempted company (standard for many foreign Nasdaq issuers).
Ticker and exchange: Nasdaq (likely to retain CURR or change to a new one; exact ticker not determined at announcement).
Expected valuation: ~$1 billion (per media estimates and company statements in November 2025; final figure depends on exchange ratio, which is not yet set).
Deal objectives:
Create the world’s first publicly traded diversified digital assets conglomerate.
Give Nasdaq investors direct exposure to the growth of the “trillion-dollar altcoin economy” through a single instrument (DeFi, AI, NFTs, gaming, DeSci, RWA tokenization).
Leverage improving regulatory clarity in the US (Genius Act, stablecoin and tokenization rules).
Expand access to capital, institutional investors, and liquidity.
Expected closing timeline: 2026 (some sources — Q3 2026, others — by year-end).
⏳ Shareholder approvals from both sides
⏳ Regulatory approvals (SEC, Nasdaq, possibly ASIC)
⏳ Signing of definitive agreement
⏳ Due diligence and other conditions
🔄 Status as of March 2026: No news of delays, cancellation or completion. Process is ongoing (typical for such deals — 6 to 12+ months). If it had closed, there would be press releases and SEC filing updates. Currently still in due diligence, document preparation, and regulatory waiting phase.
About Currenc Group (Nasdaq: CURR)
Fintech company from Singapore (HQ), incorporated in Cayman Islands.
Specialization: AI solutions for financial institutions (digital payments, cross-border finance, e-wallets, data centers, AI-driven services).
Already public on Nasdaq since 2025 (or earlier).
CEO and Executive Chairman — Alexander Kong.
The deal is positioned as a “milestone” for Currenc — transition from fintech to full-fledged Web3/digital assets player.
🔖 Risks and context
Reverse merger — faster and cheaper path to listing than traditional IPO, but carries risks (less initial scrutiny, potential compliance issues).
Animoca previously delisted from ASX in 2020 due to crypto activities and regulatory concerns — now returning to a more “crypto-friendly” US platform.
If successful, it would significantly strengthen Animoca’s position in the institutional world, especially with RWA and AI integration.
If updates appear (e.g. definitive agreement or closing), they will be on animocabrands.com, investors.currencgroup.com or SEC EDGAR.
📝 Conclusion
Animoca Brands is a mature Web3 company with a strong portfolio, focus on institutionalization and regulatory compliance.
Nasdaq listing via reverse merger is a strategic move for growth in the post-crypto-winter era, but still in progress.
If the merger completes successfully — it could become a major catalyst for related tokens (SAND, EDU, MOCA) and the entire gaming / metaverse / RWA sector.
Overall, not a bad option to throw 50–150$ into these currently dirt-cheap coins and forget about them for a year, like a bill left in a winter jacket.
If something works out for them — it could give a nice boost.
SinnSeed
NFA. DYOR