Tokyo | Crypto giant Animoca Brands has taken a major step toward listing on the Nasdaq, signing a term sheet for a reverse merger with US-listed fintech Currenc Group, in a move that would give the Hong Kong-based company a direct path to public markets five years after being kicked off the ASX.
The listing plans come as the Trump administration’s sweeping deregulatory push opens the door for digital asset companies to tap US capital markets, prompting listed crypto companies as well as cryptocurrencies like Bitcoin to enjoy a surge of investor interest.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
