Animoca Brands delays IPO plans, suspends merger talks with Currenc
Talks between the two kicked off late last year, with plans for the former to own 95% of the merged company.
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Summary
- Animoca Brands and Currenc Group suspended talks on a reverse merger that would have listed the digital asset investment company on the Nasdaq, citing incompatible timelines.
- The proposed deal, first discussed late last year, would have given Hong Kong-based Animoca a 95%stake in the combined company.
- Animoca said it remained committed to pursuing a listing on a major public exchange, while Currenc shares fell 0.93% in after-hours trading Monday.
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As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters:
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
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