TLDR
- Animoca Brands and Currenc Group have suspended talks on their proposed reverse merger.
- Both companies said the closing timeline no longer matched their short and medium term plans.
- Animoca says it remains committed to a public listing on a major exchange.
- The deal would have given Animoca shareholders about 95% of the combined company.
- Currenc continues its tokenization work, including a new deal with Mint Incorporation.
Animoca Brands has suspended talks on its proposed reverse merger with Currenc Group. The two companies said the decision was mutual.
They reviewed the time needed to finish the deal. Market conditions had also shifted since the talks began.
Both companies said they could reopen the discussions later. This would depend on whether conditions allow it.
Animoca said it still wants to return to a major public exchange. The company has not stopped working toward that goal.
Animoca continues its listing preparations
Yat Siu is the co founder and executive chairman of Animoca Brands. He said the company’s corporate agility must come first, even while it values the Currenc merger.
Siu said Animoca is working through audit and compliance steps needed for a public listing. He added that the company will keep looking for the best path to get there.
Animoca released its audited 2023 financial statements on July 17. This was its second set of audited statements published this year.
Work on the 2024 audited accounts is now underway. Animoca has described finishing these reports as an important step in its compliance plan.
The company has been catching up on years of financial statements. Its 2022 annual report came out in January. Reports for 2021, 2020 and 2019 were released in mid 2025, mid 2023 and mid 2022.
Animoca was once listed on the Australian Securities Exchange. It was delisted in 2020 after scrutiny over its crypto related activities.
In 2022, Australian regulators fined Animoca for failing to lodge annual reports between 2019 and 2021. This included some half year reports as well.
What the Currenc merger would have looked like
The reverse merger was first announced in November 2025. It called for Currenc to acquire all of Animoca Brands through a scheme of arrangement in Australia.
Under the plan, Animoca shareholders would have owned about 95% of the new combined company. Existing Currenc shareholders would have held the remaining 5%.
The combined company was expected to operate under the Animoca Brands name. Closing was originally targeted for sometime in 2026.
The deal needed regulatory approval in both the United States and Australia. It also depended on Animoca finishing its audited financial statements.
In May, the companies extended their exclusivity period through the end of June. At that point, they said due diligence was moving forward, with closing aimed for the third quarter.
The agreement had a long stop date of December 31. This could have been pushed back by another six months if both sides agreed.
Tuesday’s announcement did not name a replacement plan for Animoca’s listing. The company said it will keep looking for other paths to public markets.
Currenc, a Singapore based fintech firm, has kept building its own tokenization business. In April, it became one of the first Nasdaq listed firms to tokenize its own shares on Ethereum and Solana.
Earlier this month, Currenc Capital signed a consulting deal with Mint Incorporation. The agreement will support tokenizing part of Mint’s shares on Ethereum and Solana, though no trading market for the tokens exists yet.
The post Animoca Brands Suspends Currenc Group Merger Talks appeared first on Blockonomi.
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This articles is written by : Nermeen Nabil Khear Abdelmalak
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