Animoca Brands Shareholders to Control 95% of Nasdaq-Listed Entity Following Reverse Merger

Animoca Brands, a prominent Hong Kong-based blockchain and gaming investment firm, has initiated plans for a Nasdaq listing through a reverse merger with Singapore-based fintech company Currenc Group (CURR). This strategic move, announced on November 3, 2025, aims to establish the world’s first publicly-listed, diversified digital assets conglomerate, providing investors direct access to the growing altcoin digital economy.

Upon completion of the transaction, Animoca Brands shareholders are projected to own approximately 95% of the merged entity. The deal, which bypasses a traditional Initial Public Offering (IPO), is expected to finalize in the third quarter of 2026, pending shareholder and regulatory approvals. Animoca Brands co-founder and executive chairman Yat Siu stated the merger would offer a single, diversified vehicle spanning decentralized finance (DeFi), artificial intelligence (AI), non-fungible tokens (NFTs), gaming, and decentralized science (DeSci).

In other significant financial news, the U.S. Federal Reserve injected $29.4 billion into the banking system on October 31, 2025, through overnight repurchase agreements (repos). This marked the largest liquidity boost in over five years, following a decline in U.S. bank reserves to a four-year low of approximately $2.8 trillion. The Fed's action aimed to ease tightening funding conditions and prevent a sudden freeze in short-term markets, even as the central bank maintains a hawkish stance on inflation.

Meanwhile, a controversial political development emerged as former President Donald Trump, in a "60 Minutes" interview aired on November 3, 2025, claimed he did not know who Changpeng Zhao (CZ) was, despite having pardoned the Binance founder in October. Zhao had pleaded guilty in 2023 to money laundering violations and served a four-month prison sentence. Critics, including Senator Elizabeth Warren, have labeled the pardon as a potential "pay for play" scenario, citing alleged financial ties between Trump's family crypto ventures and Binance.

The Animoca Brands listing is set to expand its investor base and enhance access to its digital assets and growth companies. The company’s Digital Assets Advisory unit generated $165 million in 2024, representing a 116% year-over-year increase. This public listing is seen as a significant step towards mainstreaming Web3 finance and attracting institutional investment into the blockchain gaming sector.