Animoca Brands seeks US listing through reverse merger with Currenc Group
Animoca Brands is pursuing a US listing on Nasdaq via a reverse merger with Singapore's Currenc Group.Summary
Animoca Brands, a Hong Kong-based blockchain gaming and digital entertainment company, is planning to list on a US exchange, specifically targeting Nasdaq, through a reverse merger with Currenc Group, a Singapore-based entity. This strategic move capitalizes on the current favorable and crypto-friendly regulatory environment in the US. By using a reverse merger, Animoca Brands can bypass the traditional Initial Public Offering (IPO) process and gain access to US capital markets through an existing entity already positioned for Nasdaq requirements. Furthermore, the company has recently taken steps to strengthen its position in decentralized finance by acquiring and locking AERO tokens to influence governance in Aerodrome Finance.
(Source：Crypto Briefing)