Animoca Brands, a well-known investment firm in the Web3 sector, is gearing up for a public offering in New York. This move aims to capitalize on the favorable regulatory environment fostered by the Trump administration regarding digital assets, as detailed by executive chairman Yat Siu in an interview with the Financial Times.

Key Points:

• The announcement of the public listing is anticipated shortly, according to Siu.
• The approach to crypto regulation under the Trump administration represents a marked departure from the more contentious landscape under former President Biden, which was characterized by significant lawsuits against leading crypto exchanges like Coinbase and Kraken.
• Siu emphasized that the current moment represents a critical opportunity that should not be missed: “If the U.S. didn’t do what they did with the regulators [under Biden], we probably would have competitors in the U.S. 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 has made significant investments in the Web3 space over the years, becoming prominent during the NFT surge of 2021. Its portfolio includes investments in popular platforms such as Axie Infinity and OpenSea. Kraken is also considering going public in the U.S. next year.

In addition to its activities in NFTs and GameFi, Animoca’s latest financial report indicates a strategic shift toward its advisory services, which encompass token advisory, tokenomics, listing advisory, and more. The company maintains substantial assets, including $293 million in cash and stablecoins, alongside $538 million in digital assets and $2.9 billion in off-balance-sheet token reserves.

The company did not immediately respond when asked for further comments.