Deal would combine Animoca’s $1 trillion altcoin ecosystem with Currenc’s AI-driven fintech platform in a potential major Nasdaq listing, underscoring the growing convergence of crypto and artificial intelligence sectors.
Currenc Group announced that it has entered into a non-binding term sheet with Animoca Brands Corporation to pursue a reverse merger, under which Currenc would acquire 100% of Animoca’s issued shares. The proposed merger aims to create the world’s first publicly listed, diversified digital assets conglomerate on Nasdaq, combining leadership in AI-powered fintech and blockchain innovation.
Upon completion, Animoca Brands’ shareholders would own approximately 95% of the combined entity, while Currenc’s existing shareholders would hold roughly 5%. The new entity would operate under the Animoca Brands name, with a dual-class share structure and a board comprising representatives from both companies. Closing is expected in 2026, subject to customary regulatory and shareholder approvals.
The merger would form a Nasdaq-listed company with a global growth strategy spanning digital asset investments, real-world asset (RWA) tokenization, DeFi, AI, gaming, and decentralized science (DeSci).
Animoca Brands, based in Hong Kong, has become one of the crypto industry’s most influential investors, with a portfolio of over 600 companies and projects, including Ledger, Kraken, Consensys, Humanity Protocol, LayerZero, and Igloo. Its digital asset treasury includes BTC, ETH, SOL, SAND, MOCA, and EDU, among others.
The company has also partnered with Provenance Blockchain Labs to develop NUVA, an institutional platform for RWA access, and participates in a joint venture to launch a regulated stablecoin, highlighting its commitment to compliant Web3 infrastructure.
Currenc Group, founded by fintech entrepreneur Alex Kong, provides AI solutions for financial institutions, including AI call center agents and automation tools for banks and insurers, as well as a digital remittance platform enabling 24/7 global payments. In 2024 alone, Currenc processed over $5.4 billion across 13 million cross-border transactions.
Prior to the closing, Currenc intends to spin off its existing AI and remittance operations to its current shareholders, allowing the new entity to focus entirely on digital assets and blockchain growth.
The Currenc–Animoca merger announcement comes amid an accelerating convergence between the crypto and AI industries, as companies in both sectors leverage shared infrastructure and capital markets access.
Just this week, Bitcoin mining firm IREN signed a $9.7 billion GPU cloud services deal with Microsoft, giving the tech giant access to Nvidia GB300 chips hosted in IREN’s data centers. IREN also inked a $5.8 billion supply agreement with Dell Technologies, further blurring the lines between traditional mining and AI cloud computing.
Similarly, major miners like HIVE Digital, MARA Holdings, Riot Platforms, and TeraWulf have pivoted toward AI workloads, transforming from pure-play miners into AI infrastructure providers.
The proposed reverse merger between Animoca and Currenc underscores this same trend — a fusion of crypto-native innovation with AI-driven fintech, signaling a new era where blockchain, tokenization, and artificial intelligence converge to redefine both digital economies and traditional finance.
