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Currenc Group Inc., a Nasdaq-listed fintech player known for its AI-driven financial tools, is charting a bold new course through a proposed merger with Animoca Brands Corporation Limited. The two companies have signed a non-binding term sheet for a potential reverse merger that would see Currenc acquire all issued shares of Animoca Brands.
Good to Know
If the deal moves ahead, the merger could close in 2026, pending shareholder and regulatory approvals. The transaction would result in a Nasdaq-listed company operating under the Animoca Brands banner, with a strategy built around digital assets, real-world asset tokenization, and blockchain-powered services for both retail and institutional markets.
Unlike typical mergers, this one would flip the script. Animoca Brands shareholders would collectively own about 95% of the resulting company, while existing Currenc shareholders would hold roughly 5%. The combined board would feature representatives from both sides, and Currenc plans to introduce a dual-class share structure.
Currenc also intends to spin off its AI-based financial products and digital remittance operations, returning those assets to current shareholders before the merger closes. Those divested businesses will continue independently, allowing the merged company to focus entirely on Web3 and blockchain innovation.
Animoca Brands has become one of the most recognized names in the Web3 and digital asset space, with investments in over 600 ventures spanning decentralized finance, gaming, AI, and blockchain infrastructure. Its portfolio includes holdings in companies like Ledger, Kraken, Consensys, Humanity Protocol, LayerZero, and Igloo.
The firm’s digital treasury covers a wide range of assets — from BTC and ETH to SOL, SAND, MOCA, and EDU — reflecting its long-standing role in the blockchain investment ecosystem. Animoca is also advancing projects in tokenization and stablecoins, such as its partnership with Provenance Blockchain Labs to create NUVA, a regulated RWA platform designed to bridge traditional finance with blockchain technology.
Alex Kong, Founder, CEO, and Executive Chairman of Currenc Group, sees the deal as transformative:
“The proposed merger with Animoca Brands represents a milestone for Currenc. This proposed transaction provides a compelling path forward for the evolution of both companies and would unlock significant value for our shareholders. We are excited to facilitate this evolution, which will give our investors ownership in a global leader at the forefront of the digital asset economy.”
Yat Siu, Co-founder and Executive Chairman of Animoca Brands, added:
“The proposed merger of Animoca Brands and Currenc will result in the world’s first publicly-listed, diversified digital assets conglomerate, giving investors on Nasdaq direct access to the growth potential of the trillion-dollar altcoin digital economy through a single, diversified vehicle spanning DeFi, AI, NFTs, gaming, and DeSci. We believe that this proposed transaction would usher in a new asset class that should position investors at the forefront of one of the greatest opportunities of our generation.”
The merger would be completed through an Australian scheme of arrangement. Before reaching that stage, both companies must complete due diligence, finalize a definitive implementation agreement, and secure various approvals. They’ve entered a three-month exclusivity period to negotiate terms and conduct final assessments before formalizing the transaction.
A reverse merger allows a private company to become publicly traded by merging with an already-listed company. In this case, Animoca Brands would effectively go public through Currenc Group’s Nasdaq listing.
The parties aim to close the merger in 2026, subject to approvals and due diligence.
Currenc plans to divest its AI and remittance units, returning them to current shareholders before finalizing the merger.
No. The new entity will operate under the Animoca Brands name.