URGENT UPDATE: Currenc Group Inc. has just announced a groundbreaking proposal for a reverse merger with Animoca Brands Corporation Limited, poised to create the world’s first publicly-listed digital assets conglomerate. This strategic move, revealed earlier today in Singapore, could reshape the landscape of digital finance by combining their powerful resources and market presence.
The Proposed Merger will see Currenc acquire 100% of Animoca Brands’ issued shares, giving Animoca shareholders approximately 95% of the newly formed entity, while Currenc will retain 5%. The merger is anticipated to finalize in 2026, pending shareholder and regulatory approvals.
This merger is a pivotal moment for both companies, particularly in light of Currenc’s innovative fintech solutions powered by artificial intelligence (AI). Alex Kong, Founder and CEO of Currenc Group, stated, “This proposed transaction provides a compelling path forward for the evolution of both companies and would unlock significant value for our shareholders.”
Animoca Brands is a recognized leader in the digital asset ecosystem, boasting a diversified portfolio that includes over 600 companies across various sectors like gaming, decentralized finance (DeFi), and blockchain infrastructure. Yat Siu, Co-founder and Executive Chairman of Animoca Brands, expressed optimism about the merger, stating it will provide investors on Nasdaq direct access to the booming trillion-dollar altcoin digital economy.
Upon completion, the combined entity will operate under the Animoca Brands name and is expected to focus on a global growth strategy that encompasses digital asset investments, real-world asset (RWA) tokenization, and blockchain applications. The companies plan to implement a dual-class share structure, which will include nominees from both sides on the board.
In a significant move, Currenc intends to divest some of its existing operations, including AI-powered solutions for financial institutions, ahead of the merger’s closing. This divestiture aims to streamline operations and enhance focus on the new entity’s digital asset capabilities.
The proposed merger remains subject to due diligence, the execution of definitive agreements, and customary conditions including shareholder votes and regulatory approvals. Both companies are currently in a three-month exclusivity period to finalize the terms of this historic agreement.
As the digital asset market continues to evolve rapidly, this merger is set to position Currenc and Animoca Brands at the forefront of emerging opportunities. Stakeholders and investors are advised to watch closely for further developments as this transaction unfolds.
For more detailed updates, stay tuned as we continue to monitor this developing story.
