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Hang Feng Technology Innovation and Animoca Brands Announce MOU for Strategic Partnership
Prnewswire· 2025-11-21 08:21
Core Insights - Hang Feng Technology Innovation Co., Ltd. and Animoca Brands have entered into a non-binding memorandum of understanding for a strategic partnership aimed at developing Hang Feng's real-world asset (RWA) tokenization ecosystem [1][2] - The partnership will leverage Hang Feng's asset management expertise and Animoca's blockchain capabilities to enhance institutional adoption of RWAs [2][4] Company Overview - Hang Feng Technology Innovation Co., Ltd. is a Hong Kong-based company providing corporate management consulting and asset management services, having launched its asset management services in 2024 [6][7] - Animoca Brands is recognized as a global leader in digital assets and Web3 innovation, with a portfolio of over 600 companies and altcoin assets [7] Strategic Partnership Details - The collaboration will create a dedicated vault for Hang Feng's RWAs on Animoca's NUVA platform, focusing on tokenizing assets and providing access to institutional clients [2][3] - Both companies plan to co-produce educational content and research to enhance market understanding and innovation in the RWA sector [2] Leadership Statements - Leo Xu, CEO of Hang Feng, emphasized that the partnership is a key step in redefining asset management through blockchain innovation, aiming to make institutional-grade assets more fluid and aligned with the digital future [4] - Evan Auyang, Group President of Animoca Brands, highlighted the goal of making institutional-grade assets more liquid and accessible, contributing to a more inclusive on-chain financial system [4]
Currenc Group Announces Proposed Reverse Merger with Animoca Brands Corporation Limited
Globenewswire· 2025-11-03 11:00
Core Viewpoint - The proposed merger between Currenc Group Inc. and Animoca Brands aims to create the world's first publicly-listed digital assets conglomerate, enhancing access to the trillion-dollar altcoin digital economy for investors on Nasdaq [1][5]. Group 1: Proposed Merger Details - Currenc Group has entered into a non-binding term sheet to acquire 100% of Animoca Brands' issued shares via a reverse merger [1]. - Upon completion, shareholders of Animoca Brands will own approximately 95% of the new entity, while Currenc shareholders will hold about 5% [2]. - The merger is expected to close in 2026, pending shareholder and regulatory approvals [3]. Group 2: Company Profiles - Currenc Group Inc. is a fintech company focused on AI solutions for financial institutions, including a digital remittance platform that enhances global payment services [7]. - Animoca Brands is recognized as a leader in the digital asset ecosystem, with a diversified portfolio of over 600 companies across various digital asset verticals, including gaming and decentralized finance [4][8]. Group 3: Strategic Implications - The merger is anticipated to unlock significant value for shareholders and position the combined entity as a leader in the digital asset economy, spanning DeFi, AI, NFTs, gaming, and decentralized science [5]. - Currenc plans to divest some existing operations, including its AI-powered solutions, to focus on the merger and the new entity's growth strategy [5][6].