Key Takeaways
- Animoca Brands halted reverse merger negotiations with Currenc Group when both parties determined the timeline failed to align with strategic objectives.
- The proposed transaction structure would have allocated approximately 95% equity ownership to Animoca shareholders in the merged entity.
- Animoca Brands maintains its objective to achieve listing status on a prominent public exchange.
- Audit preparation for financial statements continues as part of the company’s compliance roadmap for public markets.
- Currenc Group maintains its Nasdaq presence while pursuing AI-driven fintech and tokenization initiatives.
Animoca Brands has called off reverse merger negotiations with Currenc Group, pausing its strategy to reach Nasdaq through this transaction. The parties announced that the proposed closing schedule became incompatible with their strategic priorities across near-term and intermediate horizons. After evaluating the transaction against evolving market dynamics, both organizations decided to suspend discussions.
Timeline Concerns Drive Merger Suspension
Animoca Brands and Currenc initiated merger conversations in November 2025. The deal framework envisioned Currenc acquiring Animoca via an Australian scheme of arrangement mechanism. Under this configuration, Animoca equity holders would control roughly 95% of the consolidated organization, with Currenc shareholders maintaining the remaining stake.
Both companies left open the possibility of resuming negotiations when market circumstances become more favorable. Animoca emphasized its continued commitment to securing public exchange access. This ambition unfolds as established exchanges accelerate blockchain integration efforts. NYSE explores blockchain infrastructure while examining tokenized securities and exchange-traded products.
Audit and Compliance Efforts Advance
Yat Siu, co-founder and executive chairman, explained that maintaining operational flexibility now supersedes completion of the Currenc deal. He confirmed that Animoca proceeds with audit procedures required for public market regulatory compliance. The organization released audited financial results for fiscal year 2023 during July 2026.
Animoca currently prepares audited financial documentation for fiscal year 2024. These efforts support the company’s strategy to rejoin public markets following its 2020 delisting from the Australian Securities Exchange. Regulatory authorities subsequently initiated enforcement actions regarding overdue financial reporting requirements.
The financial landscape surrounding digital assets and public securities continues evolving. Tokenized U.S. equities receive regulatory framework through updated SEC guidance for authorized platforms. These developments demonstrate ongoing momentum in blockchain-integrated financial systems as Animoca explores alternative pathways to public listing.
Merger Possibility Remains Open
Currenc maintains its Nasdaq listing status while concentrating on fintech offerings connected to artificial intelligence and tokenization technologies. Currenc shares finished Monday’s session at $3.23, gaining 1.25%, before declining 0.93% during extended trading hours. Neither organization disclosed a revised timeline for potential merger discussions.
Animoca Brands maintains operations spanning Web3 platforms, gaming ventures, NFT ecosystems, DeFi protocols and AI-focused investments. S&P Global supports Kaiko’s tokenized markets initiative, representing another connection between traditional finance and digital asset platforms. Animoca has expanded advisory capabilities alongside its investment portfolio.
The suspension concludes current transaction discussions while leaving Animoca Brands’ public listing objective intact. The company confirmed ongoing assessment of pathways to major exchange access while finalizing mandatory audits and associated compliance requirements.
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