Blockchain
Animoca Brands aims at the stock market in Hong Kong or the Middle East in 2025
Animoca Brands, the gaming and metaverse giant, is planning a return to the stock market by 2025, targeting the crypto-friendly jurisdictions of Hong Kong and the Middle East. This decision follows their delisting from the Australian Securities Exchange (ASX) in 2020, marking a significant shift in their strategic approach.
Considering Crypto-Friendly Stock Exchanges
Four years after being delisted from the ASX due to compliance concerns, Animoca Brands is now exploring stock exchanges in Hong Kong and the Middle East. These regions are recognized for their supportive stance towards cryptocurrency and blockchain technology. Despite holding discussions with various investment banks, Animoca Brands has yet to select a consultant or finalize the location for a potential initial public offering (IPO).
Financial Standing and Strategic Shift
As per their latest financial report, Animoca Brands holds assets totaling $2.7 billion, with $558 million in crypto assets. The company’s potential return to the stock market could be seen as a response to the ASX’s 2020 decision, which was based on the inconsistency of Animoca’s Web3 and crypto investments with the financial regulations of the time. In contrast, Hong Kong and the Middle East present more favorable environments for such investments.
Hong Kong and the Middle East: Crypto-Friendly Hubs
Hong Kong has recently approved ETFs on Bitcoin and Ethereum spot, reinforcing its ambition to become a regional crypto hub. Similarly, Dubai is working to reduce compliance costs for businesses under its Virtual Assets Regulatory Authority, creating a more conducive legal environment for crypto companies. This proactive stance contrasts sharply with the regulatory landscape in the USA.
Launch of NFT Sorah Launchpad
In June, Animoca Brands Japan launched the NFT Sorah launchpad, a platform designed to support projects and creators in selling their Non-Fungible Tokens (NFTs). This launchpad offers multifaceted support for sales and marketing strategies and features a loyalty program that provides various benefits to users. Sorah aims to connect Japan’s Web3 community with the global market, further solidifying Animoca Brands’ position in the NFT space.
Animoca Brands’ plan to return to the stock market by 2025 in more crypto-friendly jurisdictions reflects their commitment to leveraging blockchain technology for enhanced financial services. By targeting regions like Hong Kong and the Middle East, the company aims to capitalize on supportive regulatory environments, positioning itself for future growth in the rapidly evolving Web3 and crypto sectors.
Source: en.cryptonomist.ch
The post Animoca Brands aims at the stock market in Hong Kong or the Middle East in 2025 appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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