Quick take:
Co-founder Yat Siu told FT in an Interview that Animoca Brands plans to list on the New York Stock Exchange.
His company is one of the leading investors in Web3 startups, gaining prominence during the NFT and metaverse boom in 2021.
The news comes amid an emerging trend in crypto companies trying to go public, with the likes of Kraken and eToro among those that have already announced their plans.
Animoca Brands will soon announce plans to list its shares on the New York Stock Exchange according to co-founder Yat Siu. Speaking in an interview with the Financial Times, Siu said it would be a wasted opportunity if his company did not try to capture the unique moment presented by the Trump administration.
The news comes amid increased optimism that the U.S. will establish a clear and crypto-friendly framework for crypto regulation. This follows Trump’s election as the 47th President of the U.S. in November of last year.
Trump plans to make America the Bitcoin capital of the world, including establishing a National Bitcoin reserve. He has already lived up to some of his promises setting up an administration comprised of pro-crypto leaders including Paul Atkins as the Chairman of the SEC.
It is this kind of optimism that has culminated with several crypto companies’ leaders becoming more optimistic about the future of the industry in the U.S., which has led to the likes of Kraken and eToro announcing plans to go public in the country.
Siu thinks the picture has changed under the new administration compared to Biden’s tenure when several crypto companies faced lawsuits.
“If the U.S. didn’t do what they did with the regulators [under Biden], we probably would have competitors in the U.S.,” Siu said. “It’s a unique moment in time. I feel like it would be one heck of a wasted opportunity if we didn’t at least try.”
His company, Animoca Brands came into prominence during the non-fungible token (NFT) and the metaverse hype in 2021-2022 and has since grown to become one of the biggest investors in the sector, with minority stakes in more than 540 crypto projects.
The company has recently added another pivot into its portfolio, with advisory services showing up in its latest financial statements.
Stay on top of things:
Subscribe to our newsletter using this link – we won’t spam!
Follow us on X and Telegram.
The post Animoca Brands to Announce U.S. Listing Amid Hopes of Crypto-Friendly Regulation appeared first on NFTgators .
