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Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.
Animoca Brands eyes Nasdaq in reverse merger move with Currenc Group
Proactive - Interviews for investors
4 minutes 51 seconds
5 days ago
Animoca Brands eyes Nasdaq in reverse merger move with Currenc Group
Animoca Brands Corporation Ltd CEO of Investments Robby Yung talked with Proactive's Stephen Gunnion about the company’s proposed reverse merger with Currenc Group Inc. (Nasdaq:CURR), which would lead to a listing on the Nasdaq.
Yung explained the strategic reasoning behind the move, citing improving regulatory clarity in the United States as a major factor. “We see a huge opportunity to lean into that regulatory clarity and pursue a listing in the US,” he said, referencing developments like the Genius Act and clearer frameworks around stablecoins and tokenisation.
Animoca shareholders are expected to own around 95% of the combined company post-merger, and Yung noted this may unlock value for long-standing investors. He highlighted that US capital markets are deeper and more liquid, offering stronger access to capital compared to Australia.
Yung also spoke about Animoca’s large digital asset portfolio and its focus on real world asset (RWA) tokenisation. He mentioned joint ventures such as Nuva on the Providence blockchain and projects tied to home equity loans in the US, as well as partnerships with entities like Standard Chartered.
In addition, Yung highlighted upcoming growth areas including AI and Web3 gaming. He said, “Web3 is really the way to unlock some of that value,” referring to a potential resurgence in gaming tokenisation.
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Proactive - Interviews for investors
Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage.
Here we plug you into what’s new and exciting in the world of business.