Animoca Brands, the famous Web3 company from Hong Kong, seems to be targeting the USA of the Trump Administration to plan its listing in New York. The founder Yat Siu described this moment as “unique,” thanks to the favorable support for the crypto, Web3, and blockchain-based sector.
“`html Animoca Brands and the listing in New York coming thanks to Trump’s USA “`
Animoca Brands appears to be planning to list the company based in Hong Kong in the USA, thanks to the Trump Administration.
According to what reported by the Financial Times, Yat Siu, founder of Animoca Brands, allegedly stated that the listing of Animoca Brands in New York will arrive soon.
Not only that, Siu described this as a “unique moment” to seize, to aim for its expansion in the United States. In fact, Siu refers to the Trump Administration which presents a favorable approach to the crypto, Web3, and blockchain-based sector.
On this subject, Siu stated:
“If the United States had not done what they did with the regulators [under Biden], we would probably have some competitors in the United States. It is a unique moment. I believe it would be a wasted opportunity if we did not at least try.”
Animoca Brands and Trump’s USA: Yat Siu and the crypto banks
Already last February, Siu had examined the Trump Administration describing the role of banks in the crypto sector.
In practice, the founder of Animoca Brands had already stated that the favorable position of the President of the United States meant new opportunities for entry into the crypto market for both banks and traditional financial institutions.
Not only that, Siu had noticed that the entry of banks into the crypto space could also bring other advantages to the entire Web3 sector.
According to his reasoning, with traditional banks embracing cryptocurrencies, it becomes easier to balance the innovative spirit of crypto with the trust and stability associated with established financial institutions.
Not only that, for Siu, another key aspect is the diversification of crypto deposits, with a potential redistribution among larger banking entities that mitigates the risk of future bull runs.
The financial report of 2024
In March, Animoca Brands published its financial and operational report for 2024. This represents a significant growth for the Web3 gaming company, also thanks to its expansion and optimization strategies.
Specifically, the results of Animoca Brands include contributions from various operating units of the company such as The Sandbox, Moca Network, Open Campus, Anichess, GAMEE, TinyTap, and many others.
In terms of numbers, for 2024, Animoca Brands recorded bookings totaling 314 million dollars, an increase compared to the 280 million dollars in 2023.
Not only that, among other achievements, Animoca Brands closed 2024 with 293 million dollars in cash and stablecoins, 538 million dollars in crypto, and minority investments valued at 564 million dollars, with assets like SAND, EDU, MOCA, and GMEE.
