Animoca Brands, a leading investor in blockchain-based gaming and digital assets, is preparing for a New York listing in response to changes in US regulatory policy.
Regulatory Changes and Listing Strategy
Hong Kong-based Animoca Brands has confirmed its intention to list on the New York Stock Exchange, capitalizing on favorable conditions created by Donald Trump's relaxed regulatory policies. Executive Chair Yat Siu referred to this as a 'unique moment' as the company focuses on expanding into the world's largest capital market. Following Trump's election, Bitcoin prices surged over 50%, further enhancing the attractiveness of the US for crypto companies.
Company Financial Results
For 2024, Animoca Brands reported revenues of $314 million and EBITDA of $97 million, a significant increase from $34 million in EBITDA the previous year. Additionally, the company holds $300 million in cash and stablecoins, as well as $538 million in digital assets. This confirms the strong financial position of the company and its sustainable growth.
Growth Prospects in the Gaming Sector
Animoca expects further growth in the gaming sector with the release of next-gen consoles and games like GTA 6 that could drive crypto-based payments. Siu believes that going public will help position Animoca as a legitimate business in the crypto space, beyond speculation.
Animoca Brands' move to list on the New York Stock Exchange could be a significant step for the company in a changing regulatory environment, strengthening its position in the growing digital asset market.
