Animoca Brands aims at the stock market in Hong Kong or the Middle East in 2025

Animoca Brands, the giant of gaming and metaverse, is aiming to return to the stock market by 2025, considering Hong Kong and the Middle East.

The decision comes after four years from the delisting from the Australian Securities Exchange (ASX), which occurred in 2020. 

Animoca Brands considers returning to the stock market by 2025 in crypto-friendly jurisdictions

Animoca Brands, the important investor in Web3 gaming and cryptocurrencies, has announced that it is considering a return to the stock market by 2025.

After four years since the delisting from the Australian Securities Exchange (ASX), which occurred in 2020, Animoca Brands is now aiming for a more crypto-friendly jurisdiction. 

And so, it seems that the Web3 giant is oriented to choose whether to list on the stock exchanges of Hong Kong or the Middle East. At the moment, however, it appears that, despite the various talks held with investment banks, Animoca Brands has not yet chosen a consultant.

In fact, the company known also for investments in Non-Fungible Token (NFT) and in crypto gaming companies, has not yet decided the location of a potential initial public offering (IPO).

According to the latest financial report, Animoca Brands has a total asset value of 2.7 billion dollars, of which 558 million represent crypto assets.

Animoca Brands and the return to the stock market by next year

The return to the stock market by Animoca Brands could also mean a slap in the face to the Australian Securities Exchange (ASX) after its delisting decision. 

It was March 2020, in fact, when the AXS delisted Animoca Brands stating that its main concern was the compliance of the Web3 and crypto investor with the listing rules. 

In practice, the AXS was based on the fact that the investments of the Web3 and crypto gaming giant acted inconsistently with the financial and asset regulations of the stock exchange at that time. 

On the contrary, Hong Kong and the Middle East would be more crypto-friendly jurisdictions for Animoca Brands.

And indeed, in this very 2024, Hong Kong has made headlines for approving in April the ETFs on Bitcoin and Ethereum spot. Not only that, as is now well known, Hong Kong aims to become a regional hub for crypto.

The Middle East also continues its race to embrace the revolution of the crypto sector more and more. Recently, Dubai has made headlines as the Virtual Assets Regulatory Authority is reportedly examining strategies to reduce the compliance costs for businesses with its directives, especially regarding crypto.

In practice, unlike what happens in the USA, in Dubai they are trying to find legal solutions to simplify life for crypto companies. 

The launch of the NFT Sorah launchpad

Also in this month of June, Animoca Brands Japan has launched its launchpad NFT Sorah. It is a platform that serves to support projects and creators in selling their Non-Fungible Tokens. 

Specifically, the new launchpad aims to provide sales opportunities and multifaceted support for sales and marketing strategies, for all NFT projects that will be selected. 

Not only that, on Sorah, there will also be a loyalty program like an NFT, which will allow users to receive various benefits. 

The new platform by Animoca Brands Japan could become that Web3 portal that better connects Japan with the global community.