Animoca Brands is planning to go public âsoonâ in the United States, citing the Trump administrationâs pro-crypto approach as the driving force behind entering the worldâs largest market.
According to a recent report by the Financial Times, the crypto investment firm is preparing to release an announcement âsoonâ regarding its plans to list in New York. The companyâs executive chair, Yat Siu, said the listing is not going to depend on market conditions.
âI think going public is a way to tell the world that âhey thereâs a business that is in crypto that isnât doing the typical crypto stuff,â said Siu.
Last year, Animoca Brands did not think a U.S. initial public offering would be in the cards, said Siu. However, the move is now considered to be âa very important part of the roadmap.â This is largely due to the regulatory shift presented by the Trump administration, which has adopted a much more welcoming approach to the crypto industry and blockchain technology.
âItâs a unique moment in time. I feel like it would be one heck of a wasted opportunity if we didnât at least try,â said Siu.
Animoca Brands previously raised $6 billion in a series of funding rounds since as early 2022. The companyâs investment portfolio includes major crypto companies, including OpenSea, Kraken and Consensys
Coincidentally, Kraken has also been considering the possibility of a U.S. listing this year or in early 2026, said Siu.
Siu believes the influx in crypto firms interested in entering the U.S. market would not have been possible under Joe Bidenâs presidency. Under the Biden administration, financial regulators such as the Securities and Exchange Commission launched dozens of lawsuits against crypto companies in the U.S., namely Binance, Coinbase, Ripple and more.
Siu said this wave of anti-crypto lawsuits hindered innovation in the U.S. markets, pushing many overseas crypto companies to avoid the U.S entirely. However, now the political climate has presented international crypto and blockchain-based companies with a âunique opportunityâ and a competitive edge.
âNormally weâd be fighting with some giant or something. Itâs the biggest market, so we should go there, right?â said Siu.
According to the report, Animoca Brands has accumulated around $97 million in from revenues of $314 million before interest, taxes, depreciation and amortization in the 2024. The firm also has nearly $300 million in cash and stablecoin and $538 million invested in cryptocurrency reserves.
In March 2025, Animoca Brands collaborated with Sonyâs blockchain, Soneium, to launch a new decentralized digital identity system called Anime ID, which will be spearheaded by Anime Foundation contributor San FranTokyo.