Investing.com-- Hong Kong-based crypto investor Animoca Brands is planning a stock market listing in New York, taking advantage of what its executive chair Yat Siu calls a “unique moment” under U.S. President Donald Trump’s lighter regulatory stance on digital assets, the Financial Times reported on Tuesday.

An announcement could come soon, with the company reviewing possible shareholding structures, Siu told the FT.

He added that the listing was unlikely to hinge on broader market conditions.

The move follows a surge in crypto markets and a shift in U.S. policy, with Trump dropping several enforcement actions against digital asset firms — a marked reversal from the Biden administration’s crackdown, the FT report stated.

Animoca, which was delisted from the Australian exchange in 2020, has since grown its portfolio to over 540 companies, including stakes in OpenSea, Kraken, and Consensys, and reported unaudited 2023 revenue of $314 million, according to the report.