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 targets and added that the 2 sides could resume discussions if market and enterprise circumstances permit.
Regardless of the pause, the Web3 large mentioned it’s at present engaged on its monetary compliance and company governance plans. Animoca issued its audited monetary statements for fiscal 12 months 2023 on July 17, 2026. This was the corporate’s second set of audited monetary statements launched this 12 months. It’s now engaged on statements for fiscal 12 months 2024.
In keeping with Animoca, finishing each stories is a vital step in its efforts to fulfill the necessities for a future public itemizing. In the meantime, co-founder and government chairman Yat Siu said,
“Whereas we maintain our proposed merger with Currenc Group in excessive regard, our company agility should take priority. At the moment, we affirm our focus from a place of great operational energy, an unmatched digital property and AI portfolio, and a concerted drive to attain our compliance milestones.”
Individually, Animoca Manufacturers has additionally been concerned in Hong Kong’s stablecoin push. In February 2025, it teamed up with Commonplace Chartered Financial institution HK and HKT to kind a three way partnership known as “Anchorpoint Monetary Restricted.” In April 2026, the enterprise was granted one in every 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 traders in August.
Public-Market Push Slows
Animoca’s determination comes at a time when a number of main crypto corporations 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.
Crypto {hardware} pockets maker Ledger adopted in Could, after pausing its IPO plans and turning to personal funding as a substitute. Equally, asset administration large Grayscale additionally delayed the method across the similar time.
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