Yat Siu, co-founder of Animoca Brands, forecasts 2026 as the 'Year of Utility Tokens,' emphasizing that each token will have a clear use case. Siu criticized the current crypto market for being mispriced due to overemphasis on Trump's policies, which have negatively impacted risk assets like Bitcoin. He argues that the market has mistakenly focused on these policies, while cryptocurrency is not Trump's primary concern.
Animoca Brands plans to go public through a reverse merger with Nasdaq-listed Currenc Group, aiming to provide diversified exposure to altcoins and Web3 assets. The company, which holds a 95% stake in the merged entity, boasts a portfolio of over 620 companies and reported $314 million in unaudited bookings for fiscal year 2024. With new U.S. legislation providing regulatory clarity, Siu anticipates a shift towards compliance and practical applications, driving the focus on utility tokens in 2026.
Animoca Brands Co-Founder Predicts 2026 as the 'Year of Utility Tokens'
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