Animoca Brands suspends reverse merger discussions with Currenc Group due to market conditions, but remains focused on public listing preparation.
VC & Fundraising ·
Animoca Brands has mutually suspended merger discussions with Currenc Group, citing shifts in market conditions and strategic priorities as the reason for the pause. The suspension does not preclude a future agreement between the two parties, according to Animoca's statement.
The company is redirecting focus toward financial and governance readiness, having published audited financial statements for fiscal year 2023 and progressing on the 2024 audit. This pivot reflects immediate operational priorities ahead of any public markets move.
The decision aligns with activity across the broader crypto sector, where several major firms have deferred or slowed public listing timelines into 2026. Animoca's stance leaves the door open for alternative paths to going public, though the reverse merger option with Currenc Group remains suspended rather than terminated.