Animoca Brands, based in Hong Kong, is preparing for a list in New York, citing the relaxed regulatory position of US President Donald Trump about digital assets as an opportunity to enter the world’s largest capital market.
The Executive President of Animoca, Yat Siu, told The Financial Times that an announcement can be made soon, and the company currently evaluates several stock participation structures.
Siu said that the decision to pursue a list of the United States would not depend on market conditions, but rather in time and strategic positioning.
Animoca, which was eliminated from the Australian Stock Exchange in 2020 on Governance Conns and the state of some cryptocurrencies, has built a solid investment portfolio, including bets in Opensa, Kraken and Consensys.
The company reported non -audited profits of $ 97 million of $ 314 million in revenues for the year ending December 2024, a strong increase compared to the previous year.
Siu told the FT to encourage is the largest non -financial cryptographic firm worldwide, with $ 300 million in cash and stablecoins and more than $ 538 million in digital assets.
He also suggested that other animoca portfolio companies, including the shedding with headquarters in the US, can follow their example with lists in the United States in 2025 or 2026.
Related: Delibit Eyes Ee. UU. Expansion under the admin of Trump friendly with cryptomonitres: ft
Cryptographic companies consider us return
Under former President Joe Biden, federal agencies launched numerous demands and compliance actions against digital asset companies. Siu said this regulatory hostility suffocated innovation and discouraged foreign companies to enter the US market.
In contrast, the return to Trump has been accompanied by promises to support the cryptographic sector and a reversal of compliance activity. Siu described this as “a unique time in time”, adding that not the advantage of the bar “would be a great wasted opportunity.”
Since Trump’s electoral victory, the US stock and values commission. UU. It has fallen or detained on cases of execution of boxes against cryptographic companions.
In addition, the Department of Justice recently announced the dissolution of its cryptocurrency compliance unit, indicating a softer approach to the sector.
This practical approach seems to be promoting the confidence of the industry. OKX, for example, has announced plans to establish a United States headquarters in San José, California, only a few months after resolving a case of $ 504 million with US authorities.
On April 28, Nexo, which left the United States at the end of 2022, citing a lack of regulatory clarity, revealed that it is the US market.
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