TechFlow reported, citing DL News, that web3 giant Animoca Brands launched MOCA Coin on Thursday and plans to go public via an IPO by the end of 2025 or early 2026. Yat Siu, co-founder of Animoca Brands, said in an interview that MOCA Coin is unrelated to company shares, does not involve profit sharing, and confers no governance rights. MOCA is a utility token for Animoca's Web3 ecosystem, designed for use in payments, governance, and other functions.
In 2020, the Australian Securities Exchange delisted Animoca over concerns that a listed company issuing tokens could constitute "dual monetization." While some regulators view most cryptocurrencies as unregistered securities, Siu emphasized that MOCA Coin is a utility token intended for functions such as payments and voting within decentralized autonomous organizations (DAOs). Yat Siu further stated that the company is exploring the possibility of an IPO by late 2025 or early 2026, potentially in Hong Kong, Dubai, or both locations simultaneously.
