Animoca Brands, a major player in the Web3 and blockchain gaming space, is reportedly considering a public listing in New York — citing the recent pro-crypto tone from US President Donald Trump as a potential catalyst.
According to a report by the Financial Times, Yat Siu, executive chairman of Animoca Brands, hinted at possible listing plans, stating that the company is assessing various shareholder structures and sees this as a “unique moment” to tap into the US capital markets.
However, in a clarifying statement to Cointelegraph, Animoca Brands denied any confirmed listing plans, calling it a “misunderstanding.” Siu emphasized that the company is focused on ramping up its US activities, especially product and service expansion, but did not commit to a listing.
“I was referring to ramping up our overall activity in the US (primarily products and services offerings). I was not explicitly saying that we will list in the US or in New York, although that is certainly a possibility,” Siu told Cointelegraph.
Despite being delisted from the Australian Securities Exchange in 2020 over governance concerns, Animoca has since built an expansive investment portfolio that includes major names like Kraken, OpenSea, and Consensys.
The company reported impressive unaudited earnings of $97 million on $314 million in revenue for the year ending December 2024, reflecting strong growth.
Siu added that Animoca currently holds $300 million in cash and stablecoins, along with over $538 million in digital assets — positioning it as one of the world’s largest non-financial crypto companies. He also suggested that other firms in Animoca’s portfolio, such as Kraken, may consider US listings by 2025 or 2026.
Trump’s Win Boosts Crypto Optimism
Under the previous Biden administration, the US regulatory climate was seen as increasingly hostile toward crypto firms, with several high-profile enforcement actions discouraging foreign market participation.
Trump’s reelection appears to mark a turning point. Since taking office, multiple enforcement cases from the SEC have been dropped or paused, and the DOJ has dissolved its crypto enforcement unit — signaling a more lenient stance.
Siu described this as a “once-in-a-generation window” for global Web3 companies to re-engage with the US market.
Other firms are already making moves. OKX recently announced plans to set up its US headquarters in San Jose, while Nexo is reentering the US after withdrawing in 2022 due to regulatory uncertainty.
As the regulatory tide turns, more companies may follow Animoca’s lead, eyeing expansion or listings in the US while the momentum is hot.
