Animoca Brands, a Hong Kong-based gaming and metaverse company, plans to consider a public listing in the second half of 2025. The listing could occur in Hong Kong or the Middle East, leveraging regions with crypto-friendly policies. Previously delisted from the Australian Securities Exchange in 2020 due to its crypto activities, Animoca is currently valued at $5.9 billion and actively invests in major blockchain and Web3 projects such as The Sandbox, Axie Infinity, and the TON network.