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Animoca Brands eyes NY IPO with crypto-friendly U.S. gov in play

Animoca Brands eyes NY IPO with crypto-friendly U.S. gov in play

Date: 2025-05-13 07:43:39 | By Lydia Harrow

Animoca Brands Gears Up for Explosive U.S. IPO: Trump's Crypto-Friendly Stance Fuels Bold Move

Hang onto your hats, crypto fans! Animoca Brands is about to shake up the U.S. market with a sizzling IPO, and they're crediting none other than the Trump administration's pro-crypto vibe for lighting the fuse on this financial fireworks show.

Word on the street, courtesy of the Financial Times, is that this crypto investment powerhouse is on the brink of dropping a bombshell announcement about listing in the Big Apple. And get this—Yat Siu, the executive chair, isn't sweating over market jitters. Nope, this move is happening, rain or shine!

"I think going public screams to the world, 'Hey, we're not just another crypto outfit; we're the real deal!'" Siu declared with gusto.

Just last year, Siu thought a U.S. IPO was as likely as finding a unicorn in Central Park. But guess what? The winds have shifted, and now, diving into the U.S. market is "a mega milestone" on their roadmap. All thanks to Trump's crypto-loving regulatory shift, opening the gates wide for blockchain businesses to charge in.

"It's like the stars aligned. We'd be nuts to miss this golden window," Siu exclaimed with fire in his eyes.

Oh, and did we mention? Since early 2022, Animoca Brands has been raking in the dough, pulling in a cool $6 billion through funding rounds. Their portfolio? Stacked with crypto heavyweights like OpenSea, Kraken, and Consensys.

Speaking of Kraken, they're also eyeballing a U.S. listing this year or early 2026. The crypto party's just getting started!

A 'Competitive Edge' for Animoca Brands and Other Crypto Warriors

Siu isn't mincing words: under Biden, this crypto parade wouldn't have marched down Wall Street. The SEC was on a warpath, launching legal salvos at Binance, Coinbase, Ripple, and more, chilling the crypto scene. But now? The political weather's turned sunny for international blockchain brigades, handing them a golden ticket and a competitive edge.

"Usually, we'd be duking it out with some corporate giant. But the U.S. is the grand stage, and we're ready to steal the show!" Siu boasted.

Numbers don't lie: Animoca Brands is rolling in it, with $97 million in EBITDA from a whopping $314 million in 2024 revenues. Plus, they're sitting on nearly $300 million in cash and stablecoins, with a crypto reserve stash of $538 million.

And hold onto your seat—March 2025 saw Animoca teaming up with Sony's blockchain, Soneium, to launch Anime ID, a cutting-edge decentralized digital identity system. Anime Foundation's San FranTokyo is at the helm of this exciting venture.

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