Animoca Brands co-founder: MOCA Coin is unrelated to company stock and serves only as a utility token in the ecosystem

According to ChainCatcher news, Yat Siu, co-founder of Animoca Brands, stated in a media interview regarding the launch of MOCA Coin that this token is unrelated to the company's stock, does not involve profit sharing, and does not grant any sharing rights. MOCA is the utility token of the Animoca Web3 ecosystem, used for payments and governance among other aspects.

It is reported that in 2020, the Australian Securities Exchange delisted Animoca, citing concerns that issuing tokens as a listed company constitutes "double dipping," among other reasons.

Yat Siu further stated that they are exploring the possibility of conducting an IPO in Hong Kong, Dubai, or both simultaneously by the end of 2025 or early 2026.