[Animoca Brands Co-Founder Says 2026 Will Be the Year of Utility Tokens] Animoca Brands co-founder Yat Siu stated that the crypto market in 2025 may experience pricing errors due to overbetting on Trump policies, with Bitcoin potentially seeing its fourth annual decline in history. Trump's policy focuses, such as tariffs and trade wars, pose challenges to risk assets, while cryptocurrencies are not his core focus. Yat Siu revealed that Animoca Brands plans to go public through a reverse merger with Nasdaq-listed fintech company Currenc Group. After the merger, Animoca Brands will hold a 95% stake. The company positions itself as a proxy tool for altcoins in the public market, offering investors diversified exposure to altcoins and Web3 assets. Currently, Animoca Brands' portfolio covers over 620 companies, with around 100 new projects added last year. Its unaudited bookings for the 2024 fiscal year amount to $314 million, and it has achieved EBITDA profitability for four consecutive years. He pointed out that with U.S. legislation such as the 'Clarity Act' and the 'Innovation Act' establishing clear regulatory frameworks, the industry will focus on compliance and practical application scenarios in 2026. The token market will shift toward products that address real-world problems, with each token having a clear use case.