Animoca is planning a U.S. IPO amid Trump’s crypto-friendly policies.
Bitcoin and market sentiment have surged since the policy shift.
Animoca holds equity in 540+ blockchain and gaming firms.
Animoca Brands, a Hong Kong-based digital assets investor known for its major role in blockchain gaming and NFTs, is preparing for a U.S. IPO. This move coincides with the new crypto-friendly atmosphere in Washington created by Donald Trump’s resurrection. Yat Siu, the executive chairman of the company, further stressed the time factor: “It is a unique moment in time. It would be such a waste if we didn’t at least try to seize it.”
In an interview with the media house, Siu revealed that Animoca is actively evaluating shareholding structures for a New York listing. He noted that the decision to go public isn’t driven by current market trends but rather by long-term strategic positioning. “It’s the biggest market, so we should go there, right?” he said.
A Shift in U.S. Crypto Policy Drives Opportunity
The IPO strategy follows a dramatic change in U.S. crypto policy. Regulatory crackdowns under the Biden administration raised concerns throughout the industry. Trump’s presidency, however, has already begun to indicate that it will be more relaxed and accommodating of digital asset innovation. Bitcoin has risen more than 50% since Trump’s re-election, recently breaking $102,000, as investor confidence continues to grow.
Siu suggested that stricter regulations during the Biden era allowed overseas firms like Animoca to thrive. “If the US didn’t do what they did with the regulators, we probably would have competitors in the US,” he said.
Animoca was previously listed on the Australian Securities Exchange but was delisted in 2020 due to governance concerns and crypto-related legal ambiguity. Since then, it has transformed into a powerhouse investor, holding equity in over 540 blockchain-focused companies, including OpenSea, Kraken, and Consensys.
The firm reported $314 million in unaudited revenue for 2023, with an EBITDA of $97 million. Its asset portfolio includes $300 million in cash and stablecoins, and $538 million in digital assets. Siu said, “We think we’re the biggest non-financial services crypto firm.”
As the gaming world anticipates titles like GTA VI and a new console cycle, Animoca expects synergies between gaming and blockchain to accelerate, further fueling its IPO ambitions.
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