Hong Kong -based Animoca Brands is preparing for a list in New York, citing US President’s President Donald Trump’s relaxing regulation as a window of opportunity to enter the world’s largest capital market.
Animoca Executive Chair Yat Siu said The Financial Times can make an announcement soon, with the company currently evaluating various shareholding structures.
Siu said the decision to pursue a US list would not conduct in market conditions but rather in the timing and strategic positioning.
Animoca, na has been removed from the Australian Securities Exchange In 2020 in management concerns and the status of some cryptocurrencies, since the established a stable investment portfolio, including stakes in Openea, Kraken and Consensys.
The company Reported unlucky income of $ 97 million From $ 314 million income for the person ending in December 2024, a sharp increase from last year.
SIU told FT that Animoca is the world’s largest non-financial firm firm, with $ 300 million cash and stablecoins and over $ 538 million in digital properties.
He also announced that other Animoca portfolio companies, including Kraken -based in the US, could follow suit on US lists in 2025 or 2026.
Related: Derivit eyes to us expanding under crypto-friendly trump admin: ft
Crypto companies treat us
Under former President Joe Biden, federal agencies have launched many suits and implementation actions against digital asset companies. Siu said this regulation has avoided change and companies overseas are discouraged from entering the US market.
In contrast, Trump’s return to the office was accompanied by promises to support the crypto sector and a rollback of implementation activity. The Siu described it as “a unique moment in time,” adding that its not exploiting “will be a heel of a wasted opportunity.”
Since success in Trump’s election, the US Securities and Exchange Commission has fallen or stopped at a dozen cases of implementation against crypto companies.
In addition, the Department of Justice recently announced the Diping its cryptocurrency implementation unitSigned a softer approach to the sector.
This hands-on approach appears to strengthen industry confidence. OKX, for example, is revealed plans to be established A US headquarters in San Jose, California, just a few months after a $ 504 million case to the US authorities.
On April 28, Nexo, who left the US by the end of 2022cites a lack of clarity of regulationrevealed that it is Re -adjusting the US market.
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