Animoca Brands Eyes U.S. IPO Amid Crypto-Friendly Regulatory Shift Under Trump

Hong Kong-based Web3 powerhouse Animoca Brands is positioning itself for a New York public listing, betting on improved regulatory tailwinds under the TRUMP administration. The blockchain investment firm, which counts Kraken, Consensys, and OpenSea among its portfolio companies, is evaluating share structure options for its anticipated market debut.

Executive Chairman Yat Siu framed the move as strategic rather than reactive, telling the Financial Times the decision reflects long-term alignment with U.S. capital markets rather than short-term market conditions. The company’s financial footing appears robust, with $314 million in 2024 revenue and $97 million earnings, bolstered by $800 million in crypto and fiat reserves.

This marks a redemption arc for Animoca, which faced delisting from Australia’s ASX in 2020 over compliance issues. The firm’s resurgence underscores the maturing infrastructure of digital asset enterprises and their growing appeal to traditional investors.