Animoca Brands founder Yat Siu is positioning the company as an investment vehicle for the broader altcoin market ahead of a planned public listing next year. The strategy is built on the belief that the collective value of crypto projects will ultimately surpass that of Bitcoin.

In a recent interview, Siu outlined his vision, arguing that while Bitcoin serves a role similar to gold as a reserve asset, the real growth lies elsewhere. “We believe that altcoins, ultimately, over the largest space, are going to outperform Bitcoin as a collective,” he stated.

An Analogy for the Digital Age

Siu drew a parallel to traditional markets, noting that while no single company is larger than gold’s market capitalization, the combined value of all public companies is five to six times greater. He applies this logic to crypto, viewing altcoins as the functional and innovative layer of the industry.

“We don’t join crypto because we want to hold Bitcoin,” Siu explained, emphasizing the practical use cases of other tokens. He pointed to their essential role in powering everything from Web3 games and gas fees to Decentralized Finance (DeFi) and Decentralized Physical Infrastructure Networks (DePIN).

A Diversified Bet on Web3’s Future

Animoca’s investment approach mirrors an opportunity from the early days of the internet—the chance to invest in a broad portfolio of promising companies like Amazon, Google, and eBay. However, Siu believes the crypto industry won’t have a single “winner-takes-all” project, making a diversified strategy crucial. He expressed confidence that Animoca’s extensive portfolio is large enough to capture several of the market’s future leaders.

The company’s investment portfolio is heavily weighted toward gaming, which accounts for 230 of its 628 investments. It also maintains significant stakes in infrastructure, artificial intelligence, and DeFi. Siu noted that Animoca can access altcoin projects at much earlier stages than typical investors, a benefit it intends to pass on to its shareholders.

To achieve its public listing, Animoca Brands is reportedly planning a reverse merger with Currenc Group, an AI-focused public fintech company, with the goal of trading on the Nasdaq exchange next year.