Animoca Brands and Nasdaq-listed Currenc Group have jointly paused negotiations on a proposed reverse merger originally announced in November 2025. The deal was intended to facilitate Animoca’s public listing but has now been shelved as both parties reassess the transaction. Animoca stated it remains committed to relisting on a mainstream exchange, though Chairman Yat Siu emphasized that corporate flexibility currently takes priority over pursuing the merger. The pause reflects a strategic shift rather than an abandonment of public market ambitions.