Currenc Group and Animoca Brands Announce Strategic Reverse Merger Plan

Currenc Group Inc. (Nasdaq: CURR) has announced a proposed reverse merger with Animoca Brands Corporation Limited. This strategic move is set to create the world’s first publicly-listed digital assets conglomerate, according to a statement from Animoca Brands.

Details of the Proposed Merger

The agreement involves Currenc acquiring 100% of Animoca Brands’ issued shares. Upon completion, the merged entity will be listed on Nasdaq, focusing on digital asset investments, RWA tokenization, and blockchain applications. Animoca Brands shareholders will own approximately 95% of the new entity’s shares, while Currenc’s shareholders will hold around 5%. The merger will include a dual-class share structure and a board comprising nominees from both companies. The anticipated closing is expected in 2026, subject to necessary approvals.

Strategic Implications

Animoca Brands is a recognized leader in the digital asset sector with over 600 investments in areas like AI, gaming, blockchain infrastructure, and DeFi. Its asset portfolio includes BTC, ETH, SOL, and other altcoins, alongside stakes in companies like Ledger and Kraken. The merger aims to leverage these assets and partnerships to create a diversified digital assets conglomerate with a strong global presence. Additionally, Currenc plans to divest some of its operations, including AI solutions and a digital remittance platform, before the merger’s completion.

Industry Reactions

Alex Kong, Founder, CEO, and Executive Chairman of Currenc, expressed that the merger represents a significant milestone for the company, offering a new path for growth and value creation. Yat Siu, Co-founder and Executive Chairman of Animoca Brands, highlighted the merger’s potential to provide investors with direct access to the growing altcoin economy, positioning them at the forefront of digital asset innovation.

Future Prospects

The reverse merger, structured as an Australian scheme of arrangement, remains subject to due diligence, execution of definitive agreements, and regulatory approvals. Both companies have agreed to a three-month exclusivity period to finalize terms. The merger is expected to introduce a new asset class, offering investors exposure to a broad spectrum of digital economy ventures, including DeFi, AI, NFTs, and gaming.

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