Animoca Brands | Crypto

Dubai’s regulator approved the license on Feb. 5, allowing Animoca Brands to target institutional and qualified investors under the oversight of Dubai’s VARA. Animoca Brands has secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), clearing the way for the company to broaden its crypto operations across the Middle East. The license allows the Hong Kong-founded Web3 investor and platform developer to offer broker-dealer services and investment management related to virtual assets in and from Dubai, excluding the Dubai International Financial Centre, according to a Monday announcement. The services are aimed primarily at institutional and qualified investors. “This licence enhances our ability to engage with Web3 foundations as well as global institutional and qualified investors within a well-regulated framework,” said Omar Elassar, managing director for the Middle East and head of global strategic partnerships at Animoca Brands. Read more

The crypto VC giant plans a reverse merger with Nasdaq-listed fintech Currenc, giving Animoca shareholders majority control of the new entity. Animoca Brands, a major venture capital investor in the cryptocurrency industry, is planning a Nasdaq listing next year via reverse merger with the AI-focused public fintech company Currenc Group. Currenc has entered a non-binding term sheet with Animoca to acquire 100% of Animoca Brands’ issued shares via a reverse merger targeting a Nasdaq listing under the Animoca Brands name, according to a joint statement on Monday. “Upon completion of the reverse merger the shareholders of Animoca Brands would collectively own approximately 95% of the issued shares in the merged entity,” Animoca co-founder Yat Siu said in a letter to shareholders. The remaining 5% would be held by Currenc shareholders. Read more

Public companies are increasingly adding altcoins like Ether (ETH), Solana’s SOL, and XRP to their treasury strategies, according to a new report from Animoca Brands Research. The post Public Companies Increase ETH, XRP, SOL Holdings as Part of Growing Treasury Strategies: Animoca Brands appeared first on Cryptonews.

Animoca Brands joins a growing list of companies adopting a Bitcoin treasury strategy or expanding their existing Bitcoin reserves. Web3 company Animoca Brands signed a non-binding memorandum of understanding (MOU) with DayDayCook (DDC) Enterprise, a meal-prep and packaged food company that recently adopted a Bitcoin (BTC) treasury strategy, to manage Animoca’s BTC holdings and generate a yield on those reserves. Animoca will allocate up to $100 million in BTC as part of the deal, according to a joint announcement from Thursday. Animoca Brands co-founder and executive chairman Yat Siu told Cointelegraph that DDC Enterprise was chosen in part because of CEO Norma Chu and her ability to cultivate a “substantial non-crypto following,” introducing the asset sector to the general public, which may not have had an interest in crypto otherwise. Siu also said: Read more

Animoca Brands spans three crypto-focused businesses, including a consulting arm and an investment division. Animoca Brands is looking at trends in real-world tokenized assets, AI projects, and the gaming sector to invest in and develop, according to Omar Elissar, the company's managing director for the Middle East and the head of Global Strategic Partnerships. In an interview with Cointelegraph's Sam Bourgi at Token2049, Elissar said that stablecoins, real-world asset tokenization, the intersection between AI and crypto, alternative use cases such as decentralized science, and Web3 gaming were all niches the company is exploring. Gaming is “part of our DNA,” the executive said before reflecting on the current state of the Web3 gaming industry: Read more