According to BlockBeats, Yat Siu, co-founder of Animoca Brands, clarified in a recent media interview that the newly launched MOCA Coin is not related to the company's stocks and does not involve profit sharing. He emphasized that MOCA is a utility token in the Animoca Web3 ecosystem, used for payments and governance among other things. It was reported that in 2020, the Australian Securities Exchange had delisted Animoca over concerns that issuing tokens as a listed company could be seen as 'double profiting'.
In the same interview, Siu also revealed that Animoca Brands is exploring the possibility of an IPO in Hong Kong, Dubai, or both locations by the end of 2025 or the beginning of 2026. This comes as part of the company's future expansion plans. Siu did not provide further details about the potential IPO.