Animoca eyes New York listing, cites Trump’s crypto-friendly stance
Animoca Brands is preparing for a potential listing in New York, leveraging the relaxed regulatory environment under US President Donald Trump. Executive chair Yat Siu indicated that an announcement could be imminent, with the company assessing various shareholding structures. The decision for a US listing is based on timing and strategic positioning rather than market conditions. Animoca, previously delisted from the Australian Securities Exchange in 2020, has developed a strong investment portfolio, including stakes in OpenSea, Kraken, and Consensys. The company reported unaudited earnings of $97 million from $314 million in revenue for the year ending December 2024. Animoca holds $300 million in cash and stablecoins and over $538 million in digital assets. Other portfolio companies may also consider US listings in 2025 or 2026. Trump's administration has rolled back enforcement actions against crypto firms, boosting industry confidence, as seen with OKX establishing a US headquarters and Nexo reentering the US market after leaving due to regulatory issues.
