Animoca Brands’ Public Market Ambition Aims at Providing Crypto Access to ‘Billions’
NEW YORK — Animoca Brands wants to become institutional investors’ proxy to a growing altcoin market, its co-founder told CoinDesk Monday.
Animoca announced its intention to list on Nasdaq through a reverse merger with Currenc Group on Monday morning, pledging to create a conglomerate that will allow institutional and retail investors to access what will essentially become an altcoin index vehicle, similar to Strategy (MSTR) or Sharplink (SBET) — but for a basket of tokens.
Institutional-ready altcoins are currently a quarter of the overall crypto market, said Yat Siu, the co-founder and executive chairman of Animoca. The company was founded in 2011, but did not enter the crypto world until 2017.
“I think we’re uniquely positioned for…
