Currenc Group Plans Reverse Merger with Animoca Brands

Currenc Group Plans Reverse Merger with Animoca Brands

Currenc Group Inc., a fintech innovator known for empowering financial institutions with cutting-edge AI solutions, has announced that it has signed a non-binding term sheet with Animoca Brands Corporation Limited. The agreement outlines a potential reverse merger in which Currenc would acquire 100% of Animoca Brands’ issued shares, creating a combined entity poised to make a major mark on the global digital asset landscape.

If completed, the merger would result in a Nasdaq-listed powerhouse operating under the Animoca Brands name, with a focus on digital asset investments, real-world asset (RWA) tokenization, and blockchain applications across consumer and institutional markets. Under the proposed structure, Animoca Brands shareholders would own about 95% of the new company, while Currenc shareholders would hold approximately 5%. The new entity is expected to feature a dual-class share system and a board with representatives from both companies. The transaction is targeted for completion in 2026, pending shareholder and regulatory approvals.

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Animoca Brands is already recognized as a global leader in digital assets, with a diverse portfolio of over 600 companies spanning RWA, AI, gaming, blockchain infrastructure, and decentralized finance. Its digital asset treasury includes major tokens such as BTC, ETH, SOL, and SAND, along with strategic investments in top-tier companies like Ledger, Kraken, and Consensys. The company also participates in ventures aimed at regulated stablecoin development and real-world asset accessibility, demonstrating its commitment to building compliant and scalable Web3 infrastructure.

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Alex Kong, Founder, CEO, and Executive Chairman of Currenc Group, called the proposed merger a “milestone moment” for both organizations. “This transaction creates a powerful opportunity for growth and innovation while unlocking significant value for our shareholders,” Kong said. “It positions our investors to participate in the future of the digital asset economy through a trusted global leader.”

Yat Siu, Co-founder and Executive Chairman of Animoca Brands, echoed this sentiment, highlighting the broader market impact. “This merger will form the world’s first publicly listed, diversified digital assets conglomerate, providing Nasdaq investors with direct exposure to the trillion-dollar altcoin economy,” Siu said. “It’s a defining step toward a new asset class that could reshape how investors engage with DeFi, AI, NFTs, and the broader Web3 ecosystem.”

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Before the merger is finalized, Currenc plans to spin off its existing business units, including its AI-driven financial solutions and digital remittance operations, to its current shareholders. The transaction will proceed through an Australian scheme of arrangement and remains subject to due diligence, final agreements, and regulatory clearances. Both companies have entered a three-month exclusivity period to finalize the definitive merger terms.

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