The Animoca Brands based in Hong Kong is preparing for a possible list in New York, under which US President Donald Trump's relaxed regulatory attitude towards digital assets as a possibility to enter the world's largest capital market.
Yat Siu, Executive Chair Animoca, said the Financial Times that an announcement may very well be made shortly, the corporate currently evaluating various participation structures.
Siu said the choice to pursue a US list wouldn’t depend available on the market conditions, but on timing and strategic positioning.
Animoca, which was triggered by the Australian Securities Exchange for governance and the status of some cryptocurrencies in 2020, has since built up a strong investment sports folio, including the missions on OpenSea, Kraken and Consensys.
The company reported unchecked profits of $ 97 million of USD $ 314 million in turnover of $ 314 million for the yr in December 2024, which is a robust increase in comparison with the previous yr.
Source: Animoca brands
Siu announced that Animoca was considered the most important non-financial crypto company with $ 300 million in money and stable coins and over $ 538 million in digital assets.
He also indicated that other Animoca portfolio corporations, including the US-based octopuses, could follow potential lists within the United States within the USA 2025 or 2026.
Crypto corporations take us into consideration comeback
As a part of the previous President Joe Biden, the federal authorities began quite a few lawsuits and enforcement measures against digital asset corporations. Siu said this regulatory hostility suppressed innovation and discouraged overseas corporations from entering the US market.
In contrast, Trump's return to the office of commitments to support the crypto sector and a task in enforcement activities was accompanied. Siu described this as “a singular moment in time” and added that it could not reap the benefits of a rattling opportunity.
Since Trump's election victory, the US security and stock exchange orders have dropped or paused in a dozen assertiveness against crypto corporations.
In addition, the Ministry of Justice recently announced the dissolution of its cryptocurrency enforcement unit and signaled a softer approach for the sector.
This practical approach seems to strengthen the trust of the industry. For example, OKX has announced plans to establish a US headquarters in San Jose, California, just a couple of months after completing a case of $ 504 million.
On April 28, Nexo, which was subject to the United States at the tip of 2022 and was directed to an absence of clarity of regulatory clarity, that it was again within the US market.
