Overview
- Animoca Brands and Nasdaq-listed Currenc Group suspended merger talks on Tuesday, Sept. 22, 2026, saying the expected closing timeline and market shifts no longer matched their short- and medium-term plans.
- Animoca said it will prioritize completing its audited 2024 financial statements and other compliance work as part of a plan to regain a listing on a major public exchange.
- Under the non-binding term sheet first disclosed in November 2025, Animoca shareholders would have owned roughly 95% of the combined company if the reverse merger had closed.
- Currenc will continue to build its tokenization and AI services after tokenizing its own Nasdaq-listed shares on Ethereum and Solana in April and by advising other issuers such as Mint Incorporation.
- The pause leaves the route back to public markets open but uncertain, shaped by Animoca’s past ASX delisting and a 2022 ASIC fine and by fast-growing demand for tokenized assets that both firms cite as central to their strategies.