Discussions began late last year, with Animoca poised to acquire a 95% stake in the new entity.
By Jamie Crawley|Edited by Sheldon RebackUpdated 11 minutes agoPublished 14 minutes ago1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Yat Siu, co-founder and executive chairman of Animoca Brands, speaks at Consensus Hong Kong (CoinDesk)SummaryShow- Animoca Brands and Currenc Group have halted discussions regarding a reverse merger intended to list the digital asset firm on Nasdaq, due to conflicting timelines.
- The merger was initially proposed late last year, with Animoca set to acquire a 95% stake in the merged company.
- Animoca remains dedicated to pursuing a major public listing, while Currenc's stock fell by 0.93% in after-hours trading on Monday.
Animoca Brands has decided to stop talks about a reverse merger with Currenc Group Inc. (CURR), which aimed to enable the digital asset company to list on Nasdaq.
The two parties concluded that their timelines for completing the merger did not align, as stated by Animoca in a statement on Tuesday.
Discussions between Animoca and Currenc commenced late last year, with plans for Animoca to hold a 95% stake in the new entity.
Based in Hong Kong, Animoca expressed that it is "fully committed" to pursuing a listing on a significant public exchange, with co-founder Yat Siu emphasizing the company's intention to "explore optimal paths" towards a public listing.
Animoca Brands has a diverse portfolio that includes decentralized finance (DeFi), artificial intelligence, non-fungible tokens (NFTs), and gaming, with advisory services increasingly contributing to its revenue in recent years.
Currenc's shares closed at $3.23 on Monday, up 1.25% for the day, before experiencing a 0.93% decline in after-hours trading.
IPOsNasdaqLatest Crypto News- 1Spot bitcoin ETFs attracted nearly $1 billion on Monday, the 9th largest inflow ever2 hours ago
- 2Whitehats move 52 bitcoin from the Coldcard hack to a recovery trust3 hours ago
- 3Elon Musk's X brings bitcoin and stock trading closer to the timeline4 hours ago
- 4Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,0005 hours ago
- 5Cardano joins Solana, XRP Ledger in race to power AI agent payments5 hours ago
- 6Bitcoin could test $90,000 after shorts get squeezed, but traders warn leverage is building13 hours ago
- 7Crypto political group plans to spend $30 million against Sherrod Brown's Senate bid17 hours ago
- 8ECB plans to buy tokenized bonds with its own funds19 hours ago
- 9Why banks and offshore hubs like Dubai are winners of the Senate killing the Clarity Act19 hours ago
- 10Bitmine bought $75 million ether as Tom Lee says institutions are still underweight crypto20 hours ago
The Definitive Stablecoin Landscape Series: Asia Pacific
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
By CoinDesk ResearchSep 15, 2026Commissioned byRippleAs stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
View Full ReportMore From Finance