3 weeks ago
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Hong Kong-based Animoca Brands is preparing to go public in the US, with an announcement expected soon. The move comes as President Donald Trump promotes a softer stance on digital asset regulation, encouraging crypto companies to enter the world’s largest capital market.
Trump’s pledge to make the US a hub for digital assets has already attracted big names. Crypto options exchange Deribit recently moved operations to the US. Since Trump’s November win, bitcoin prices have surged over 50%, hitting above $102,000.
Siu said that crackdown gave Animoca an edge. “We wouldn’t have considered a US listing a year ago,” he said. “Now it’s a big part of our plans.”
Animoca was removed from the Australian exchange in 2020 but has since diversified its portfolio. It now holds interests in OpenSea, Kraken, and Consensys, and has invested in more than 540 companies.
The firm reported unaudited earnings of $97 million last year, with revenue reaching $314 million. It also holds nearly $300 million in cash and stablecoins, plus $538 million in digital assets.
Some Animoca-backed firms, including Kraken, may also go public in the US soon.
English (US) · 