Animoca Brands has temporarily suspended talks to merge with Currenc, effectively delaying its plans to list via a reverse merger. The discussions, which began late last year, had contemplated a structure in which Animoca would own the majority stake in the combined entity. The pause comes as the firms reassess their path to a public listing amid broader market considerations that have affected timing and approach.
Under the proposed arrangement, the reverse merger would have allowed Currenc to become a publicly traded entity with Animoca retaining a controlling stake in the merged company. While the talks are on hold, the companies have not indicated a termination of the pursuit of a market listing and continue to signal an interest in moving forward with a listing on a major exchange rather than pursuing other avenues alone.
The development aligns with ongoing strategic reviews at Animoca Brands, a player in the crypto and digital-asset space, as it weighs how best to access public markets. The reports describe the current status as a pause in the merger process, rather than a definitive pullback from the objective of achieving a Nasdaq or other major exchange debut. No new timeline has been provided for when discussions might resume or for the listing effort itself.
Market observers have been watching closely for updates that would indicate how this path to liquidity and public visibility might unfold for a company operating at the intersection of gaming, digital assets, and blockchain technology. The pause in talks adds a layer of uncertainty to Currenc’s strategic options and to the broader narrative of SPAC-style reverse mergers in the crypto-adjacent sector. As both sides move forward, the key questions revolve around regulatory considerations, capital needs, and the optimal structure for a future public listing.