Animoca Brands co-founder Yat Siu clarifies that the new token MOCA is not related to the company's stock.

Animoca Brands co-founder Yat Siu stated in an interview with DL New that Animoca's new token $MOCA is not related to the company's stock, does not involve profit sharing, and does not confer any rights to share. $MOCA is a utility token in the Animoca Web3 ecosystem used for payments and governance. In 2020, the Australian Securities Exchange delisted Animoca, citing concerns that issuing tokens as a listed company constituted 'double dipping.' Yat Siu disagreed with the 'double dipping' notion and further mentioned exploring the possibility of conducting an IPO in Hong Kong, Dubai, or both simultaneously by the end of 2025 or early 2026.