Animoca Brands Will Soon Announce Plans to List Its Shares on the New York Stock Exchange

Animoca Brands will soon announce plans to list its shares on the New York Stock Exchange according to co-founder Yat Siu.

Animoca Brands is planning to list its shares on the New York Stock Exchange, according to co-founder Yat Siu.

Speaking in an interview with the Financial Times, Siu said it would be a “one heck of a wasted opportunity” if his company did not try to capture the unique moment presented by the Trump administration.

The news comes amid increased optimism that the U.S. will be able to establish a clear and crypto-friendly framework for crypto regulation following Trump’s administration.

The 47th President of the U.S. was elected in November of last year and has since been setting the stage for crypto in the U.S., promising to make America the Bitcoin capital of the world, including establishing a National Bitcoin reserve.

Since then, Trump has lived up to some of his promises setting up an administration comprised of pro-crypto leaders including Paul Atkins as the Chairman of the SEC.

It is this kind of optimism that has culminated with several crypto companies’ leaders becoming more optimistic about the future of the industry in the U.S., which has led to the likes of Kraken and eToro announcing plans to go public in the country.

Siu thinks the picture has changed under the new administration compared to Biden’s tenure when several crypto companies faced lawsuits.

"If the U.S. didn't do what they did with the regulators, we probably would have competitors in the U.S.,” Siu claimed. "It's a unique moment in time. I feel like it would be one heck of a wasted opportunity if we didn't at least try.”

Animoca Brands has become one of the biggest investors in the crypto sector, with minority stakes in more than 540 crypto projects. The company is also known for its investments in metaverse and blockchain gaming companies.

Animoca's latest financial statements also highlight the addition of advisory services to its portfolio.