🚀 Animoca Brands Plans NY Listing Amid Trump’s Crypto-Friendly Shift

Hong Kong’s Animoca Brands is eyeing a New York listing, encouraged by President Trump’s pro-crypto stance. Exec chair Yat Siu told the FT an announcement could come soon, with the firm evaluating share structures.

Despite a 2020 delisting from Australia’s ASX, Animoca has grown significantly, reporting $314M revenue and $97M earnings for 2024. It holds $300M in cash/stablecoins and $538M in digital assets.

Siu called Trump’s election a “unique moment,” noting eased SEC enforcement and DOJ’s crypto unit dissolution. Other portfolio firms like Kraken may also pursue US listings in 2025-26.

#CryptoNews #Blockchain

If this was interesting, be sure to subscribe to me!