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$5B Ares Buyout Risks Animoca’s Blockchain Future

Animoca Brands to Focus on Stablecoin, RWA in 2026 Amid U.S. IPO EffortsHong Kong-based Animoca Brands, a prominent investor in the blockchain and metaverse space, plans to shift its focus to stablecoins…

Ropa Ushe Private Equity Research Analyst
2 min read
85% Signal strength

Animoca Brands to Focus on Stablecoin, RWA in 2026 Amid U.S. IPO Efforts

Hong Kong-based Animoca Brands, a prominent investor in the blockchain and metaverse space, plans to shift its focus to stablecoins and real-world assets (RWA) in 2026 as it prepares for a potential U.S. initial public offering, according to sources familiar with the matter.

The move comes as Animoca seeks to diversify its portfolio and reduce exposure to the volatile cryptocurrency market. By transitioning towards more stable financial instruments like stablecoins and RWA, the company aims to appeal to a broader investor base ahead of its anticipated U.S. listing.

"Animoca recognizes the need to balance its blockchain and metaverse investments with more traditional asset classes to attract a wider range of investors, especially as it eyes a U.S. IPO," said one source, who requested anonymity to discuss private company plans.

Stablecoins, cryptocurrencies pegged to real-world assets like the U.S. dollar, have gained traction in recent years as a means of facilitating transactions and storing value within the digital asset ecosystem. Animoca's focus on this segment aligns with the broader industry trend of seeking stability amidst market volatility.

Additionally, the company's interest in RWA, which can include physical assets such as real estate or infrastructure, reflects a desire to tap into more tangible sources of value. This strategy could help Animoca appeal to investors seeking exposure to the potential upside of blockchain technology while mitigating the risks associated with pure-play cryptocurrency investments.

"Diversifying into stablecoins and RWA allows Animoca to present a more balanced portfolio to potential U.S. investors, who may be more accustomed to traditional asset classes," said the source.

The shift in focus comes as Animoca continues to navigate the challenging market conditions that have plagued the broader crypto and blockchain sectors in recent months. The company, which has a valuation of over $5 billion, has faced headwinds alongside the broader downturn in digital asset prices.

Despite the current market turbulence, Animoca remains committed to its long-term vision of building a robust metaverse ecosystem. The company's investments in various blockchain-based projects, including gaming, decentralized finance (DeFi), and non-fungible tokens (NFTs), have positioned it as a key player in the rapidly evolving Web3 landscape.

As Animoca prepares for a potential U.S. listing, its strategic pivot towards stablecoins and RWA could help the company strike a balance between innovation and stability, appealing to a wider range of investors and paving the way for its next phase of growth.

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Animoca Brands' decision to focus more on stablecoins and real-world assets in 2026 signals a shift towards greater financial stability as the company prepares for a potential U.S. listing. This move aims to diversify its portfolio and appeal to a broader investor base, reducing exposure to the volatile cryptocurrency market.

Animoca Brands' Crypto Asset Exposure vs. Stablecoin & RWA Allocation

Crypto Assets 80
Stablecoins 10
Real-World Assets 10

Blockchain & Metaverse Funding Deals (2021-2023)

Animoca Brands 2500
Dapper Labs 1250
OpenSea 1100
The Sandbox 930

Animoca Brands' Diversification Strategy

Crypto Assets – 80% Stablecoins – 10% Real-World Assets – 10%
Research Brief
Dec 2, 2025 | Senna Analysis

Market Context

The proposed $5 billion buyout of Animoca Brands by Ares Management could have significant implications for the blockchain and metaverse space. Animoca's shift in focus towards stablecoins and real-world assets (RWA) suggests a more cautious approach amidst broader market uncertainty.

Key Takeaways

1 The deal highlights the continued interest of large private equity firms in blockchain and metaverse-related investments, despite recent volatility in the crypto market.
2 Animoca's pivot towards stablecoins and RWA indicates a desire to diversify its portfolio and mitigate risks, which could impact its future growth trajectory in the blockchain ecosystem.
3 The potential U.S. IPO plans suggest Animoca is seeking to expand its global footprint and tap into public market investors, which could provide additional funding for its strategic initiatives.

What to Watch

The outcome of the Ares buyout and Animoca's strategic shift will be closely watched by investors and industry analysts as a barometer for the broader adoption and maturity of blockchain and metaverse technologies.

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