The suspension doesn’t rule out a future cope with Currenc Group, Animoca mentioned in its assertion.
Animoca Manufacturers has mutually suspended discussions with Currenc Group over a proposed reverse merger. The deal was first introduced on November 3, 2025.
Each corporations agreed to pause the talks after reviewing the anticipated timeline for finishing the transaction and modifications in market circumstances.
Merger Talks on Maintain
In its official weblog submit, Animoca Manufacturers mentioned the time wanted to finish the deal doesn’t at present match its short- and medium-term strategic objectives and added that the 2 sides could resume discussions if market and enterprise circumstances permit.
Regardless of the pause, the Web3 big mentioned it’s at present engaged on its monetary compliance and company governance plans. Animoca issued its audited monetary statements for fiscal yr 2023 on July 17, 2026. This was the corporate’s second set of audited monetary statements launched this yr. It’s now engaged on statements for fiscal yr 2024.
In accordance with Animoca, finishing each experiences is a vital step in its efforts to fulfill the necessities for a future public itemizing. In the meantime, co-founder and govt chairman Yat Siu acknowledged,
“Whereas we maintain our proposed merger with Currenc Group in excessive regard, our company agility should take priority. Immediately, we affirm our focus from a place of serious operational power, an unmatched digital property and AI portfolio, and a concerted drive to realize our compliance milestones.”
Individually, Animoca Manufacturers has additionally been concerned in Hong Kong’s stablecoin push. In February 2025, it teamed up with Normal Chartered Financial institution HK and HKT to kind a three way partnership known as “Anchorpoint Monetary Restricted.” In April 2026, the enterprise was granted certainly one of Hong Kong’s first official stablecoin issuer licenses by the HKMA. Anchorpoint started the preliminary rollout of its regulated Hong Kong dollar-backed stablecoin named HKDAP for institutional buyers in August.
Public-Market Push Slows
Animoca’s choice comes at a time when a number of main crypto companies have additionally slowed their itemizing ambitions in 2026. As an illustration, Kraken’s dad or mum firm, Payward, put its IPO preparations on maintain in March, even after confidentially submitting for a US itemizing in November 2025.
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Crypto {hardware} pockets maker Ledger adopted in Might, after pausing its IPO plans and turning to non-public funding as a substitute. Equally, asset administration big Grayscale additionally delayed the method across the similar time.
