Animoca Brands plans to go public next year in a crypto-friendly jurisdiction, as reported by The Information on June 26, citing co-founder Yat Siu.

The Hong Kong-based company, valued at $5.9 billion during its 2022 fundraising round, has begun discussions with investment banks but has not yet appointed a formal advisor for the listing process.

Siu mentioned that Animoca Brands is exploring potential IPO locations, with Hong Kong and the Middle East emerging as primary candidates. He stated:

"We believe these regions offer dynamic markets and strategic advantages that align with our growth and innovation vision in the digital assets sector."

Animoca Brands has established a significant presence in the Web3 ecosystem, investing in notable projects such as Axie Infinity, a blockchain-based gaming platform, the decentralized TON Network, and the digital payments application hi.

Siu has been vocal about the transformative potential of non-fungible tokens (NFTs), envisioning their impact on sectors like rights management and education by embedding digital ownership and value.

The company's investment strategy revolves around harnessing blockchain technology to create novel economic models and opportunities in the digital domain.

Despite past challenges, including a delisting from the Australian Securities Exchange (ASX) in March 2020 due to regulatory breaches, Animoca Brands aims to capitalize on the growing interest in digital assets and blockchain technology.

The anticipated IPO in 2025 marks a strategic move to strengthen its market presence and leverage its diverse portfolio of investments. As global financial landscapes evolve to embrace digital assets, Animoca Brands seeks to position itself at the forefront of this digital revolution, expecting the IPO to provide resources for further expansion and innovation.