Hong Kong-based cryptocurrency investor Animoca Brands is preparing to list on a U. S. stock exchange, motivated by the favorable crypto regulatory environment established under President Donald Trump. Yat Siu, Animoca Brands’ executive chairman, described this as a unique chance to tap into the world’s largest capital market. The decision to pursue a U. S. public listing coincides with a significant upswing in digital asset valuations. Notably, Bitcoin surged past $102, 000 following Trump’s election, reflecting broader investor confidence in digital currencies during his tenure. This momentum has given Animoca Brands strategic incentive to enter U. S. markets, which it had previously avoided due to stringent regulatory policies. In 2022, Animoca Brands was valued at nearly $6 billion but deliberately stayed away from U. S. markets because of the tougher regulations implemented under President Joe Biden’s administration. Biden’s stricter stance led to numerous lawsuits targeting crypto firms, creating an inhospitable environment for listings and investments within the sector. Conversely, the regulatory leniency under Trump has reopened opportunities, prompting Animoca and its portfolio companies to reassess their U. S. market strategies. Several companies within Animoca’s portfolio, including major crypto exchange Kraken, are reportedly considering U. S. listings as well.

This trend signals a potential influx of crypto firms seeking broader exposure and capital through American financial markets, capitalizing on the pro-crypto regulatory climate for enhanced prospects. Animoca Brands has undergone significant shifts in recent years. After being delisted from the Australian stock exchange in 2020, the company expanded aggressively, boosting investments throughout the crypto ecosystem. It holds substantial stakes in leading crypto ventures such as OpenSea, Kraken, and Consensys, indicating a diverse and influential presence in the blockchain sector. Financially, Animoca Brands has shown strong performance. The company reported an EBITDA of $97 million on revenues totaling $314 million for 2024. In addition to these results, it maintains considerable digital asset holdings and cash reserves, reflecting solid liquidity and operational strength. Yat Siu stressed that going public in the U. S. would not only secure capital access but also spotlight Animoca’s role as an innovator beyond traditional financial services. The listing is expected to boost the company’s visibility and credibility, establishing it as a pioneering force in the evolving blockchain and digital asset landscape. In summary, Animoca Brands’ pursuit of a U. S. listing represents a strategic realignment shaped by shifting regulatory environments and strong market valuations. With its varied crypto investments and robust financials, the company is well-positioned to capitalize on this opportunity to enhance its market presence and accelerate growth in the global blockchain arena. This move also reflects broader market dynamics, where crypto firms increasingly target U. S. exchanges to leverage investor interest and favorable regulations. As such, Animoca's upcoming listing may mark a new chapter for blockchain investment firms seeking public funding and mainstream acceptance.