Hong Kong-based Animoca Brand is reportedly exploring a path to go public on the New York Stock Exchange. According to the company, it is a good time as the rules and environment for the business have been evolving constantly.
While talking to the Financial Times, Yat Siu, the executive director of Animoca Brands, hinted that the announcement of IPO listing is expected soon, yet the company is currently exploring ways to manage shares, and the decision will lie on how the stock market performs.
In the blockchain gaming, Animoca Brand has dived quite deeply and is now one of the biggest companies in play-to-earn games, which help users to earn by playing games.
Animoca Brands holds investments in some known blockchain and cryptocurrency-based ecosystems such as Kraken and OpeaSea, including many others.
The X post of Wu Blockchain dated May 13, 2025, said, “ According to the FT, Hong Kong crypto investment company Animoca Brands is planning to go public in New York. Co-founder Yat Siu said that the Trump administration’s relaxed regulation of crypto assets provides a “unique opportunity” to enter the world’s largest capital market. Animoca was previously valued at nearly $6 billion.”
Animoca Brands continues to boost its Web3 investment
Over the years, the blockchain gaming giant Animoca Brands has continued to improve its dominance in the blockchain market, and as per its website, its major investments in the gaming market are nWay, Roboto Games, Play Craft, Galaxy Fight Club, Planet Mojo, and Rain Maker games, including several others.
On the other hand, Animoca Brands has invested in Bitski, Ledger, MetaMask, and XDEFI Wallet, with a few others, in the popular ecosystem for the Metaverse. The Sandbox has gathered huge funding from the Hong Kong-based gaming giant.
The crypto winters, which include disastrous events like Luna/Terra and FTX collapses, caused Animoca Brands to report bookings of $280 million in 2023, from $402 million in 2022.
Nevertheless, there was a 59% improvement in Q4 2023, indicating a rebound. Off-balance sheet token reserves were $1.6 billion, consisting of $566 million in marketable digital assets and $194 million in cash.
Animoca Brands’ bookings increased by 12% to $314 million, while its operational costs decreased by 12% as a result of AI adoption and efficiency.
With a substantial rise of 116%, the Digital Asset Advisory (DAA) business generated $165 million, which included $68 million from token advisory for 21 projects, including PIXEL and PENGU.
By the end of the year, Animoca had $2.9 billion in off-balance sheet token reserves, $538 million in digital assets, and $293 million in cash and stablecoins.
Crypto market price updates
When writing, the crypto market cap was $3.29 trillion with a loss of 1.28% in the past 24 hours, and the trading volume is $179 billion. At the same time, the crypto fear and greed index was at 71, indicating growing greed.
Bitcoin has been exchanging hands at $102,658 in an intraday frame. It lost 1.27% of its price, and its market cap has reached $2.03 trillion with a decline of 1.37%, yet its volume has peaked by 36.78%, reaching $64.03 billion.
Following the wider bearish sentiment, the Ethereum price has also shown rejection, and until publishing, it has been trading at $2,459 with a loss of 1.52%.
