Animoca Brands, based in Hong Kong, is seeking a New York listing, citing the crypto-friendly policies of US President Donald Trump's administration. The move is seen as a strategic entry into the US capital market.

Executive chair Yat Siu mentioned that the decision will rely on strategic positioning rather than market conditions, highlighting Animoca's robust portfolio, including stakes in OpenSea and Kraken.

Trump's softer regulatory stance has led to a pause in enforcement actions by the SEC, inspiring confidence in the industry. Animoca anticipates other portfolio companies might follow in seeking US listings.