Animoca Brands Eyes Public Listing: A New Era for Crypto?

Animoca Brands Hints at IPO Plans

Animoca Brands, a major player in the Web3 gaming, DeFi, and NFT space, is considering going public. Co-founder and chairman Yat Siu confirmed the company's renewed interest in a listing, highlighting the growing trend of blockchain firms seeking public offerings.

The company was previously listed on the Australian Securities Exchange before being delisted in 2020.

Bridging the Gap to Traditional Finance

Siu emphasized that a public listing is about more than just raising capital. He believes it's a crucial step towards bridging the gap between the crypto world and traditional finance.

"We believe very much that we’ve hit an institutional era of crypto," Siu stated.

Going public, according to Siu, provides traditional investors with a trusted entry point into blockchain businesses. It offers transparency through audited financials, independent management, and a clear regulatory framework.

Accountability and Education

A public listing would also provide Animoca Brands with increased visibility, accountability, and the ability to educate a wider audience about the potential of blockchain technology.

"Being public gives you visibility, accountability, and the ability to educate," Siu explained.

Key Takeaways:

• Animoca Brands is actively exploring a public listing.
• The move aims to attract institutional investors and bridge the gap between crypto and traditional finance.
• A public listing would provide increased transparency, accountability, and educational opportunities.
• Animoca Brands believes it signals the arrival of the 'institutional era' for crypto.

The Bigger Picture

For Animoca Brands, a listing aligns with its long-term vision of making blockchain more accessible to the masses. Siu believes that going public will help them tell their story to a wider audience, most of whom are still unfamiliar with crypto.