Animoca Brands Plans Nasdaq Listing via Reverse Merger

Animoca Brands plans to list on Nasdaq next year through a reverse merger with Currenc Group, expanding its portfolio in AI, DeFi, and stablecoins beyond gaming.

This move leverages U.S. regulatory clarity, opening access to deeper capital markets and facilitating institutional investment in blockchain assets.

SAND Token Market Fluctuations Pre-Merger

Reverse mergers offer an avenue to public listings, providing increased liquidity and broader market access. This method, used by other fintech firms, often results in higher institutional participation and price growth for associated tokens.

As of November 29, 2025, The Sandbox (SAND), part of Animoca’s portfolio, holds a market cap of $406.06 million, down 2.04% in 24 hours with a trading volume decrease of 19.99%. The token’s price has seen declines over 30, 60, and 90 days, but a small 7-day rise of 3.68% suggests potential investor interest. Data from CoinMarketCap confirms these metrics.

“We see a huge opportunity to lean into that regulatory clarity and pursue a listing in the US,” said Robby Yung, CEO of Investments, Animoca Brands.

Community and market reactions have been cautiously optimistic. As Robby Yung noted, the move leverages enhanced regulatory frameworks like the Genius Act in the U.S.

Expert Insights

Did you know? Historical trends suggest potential price appreciations for tokens aligned with corporate restructuring, impacting sectors from AI to DeFi positively.

Insights from Coincu indicate that Animoca’s Nasdaq listing might enhance regulatory perception and increase institutional investments. The move aligns with trends of increased scrutiny and integration within the blockchain industry.

The company’s shift beyond gaming is set to target areas in artificial intelligence, decentralized finance, and digital asset tokenization. Immediate market implications suggest potential capital inflows, facilitating further portfolio diversification across its nearly 600-company investments.