Animoca Brands Pauses Reverse Merger with Currenc Group Amid Market Uncertainty

Animoca Brands has put its proposed reverse merger with Currenc Group on hold. The two companies mutually agreed to pause talks after reviewing the timeline for completing the deal and changes in market conditions.

The decision comes as several major crypto firms have slowed their listing ambitions this year, including Kraken's parent company Payward, Ledger, and Grayscale.

Despite the pause, Animoca is working on its financial compliance and corporate governance plans. The company has already released audited financial statements for fiscal year 2023 and is currently preparing reports for fiscal year 2024.

This process is crucial for Animoca's efforts to meet the requirements for a future public listing.