Animoca Brands saw a 12% rise in 2024 bookings, reaching $314 million, with its Digital Asset Advisory (DAA) division driving much of the growth.
DAA revenue more than doubled to $165 million, while investments and incubated projects added $149 million combined.
Co-founder Yat Siu credited the expansion to innovation, particularly in advisory services, real-world assets (RWA), and a stablecoin project with Standard Chartered and Hong Kong Telecommunications.
He expects further gains in 2025, despite geopolitical and economic uncertainties.
The company also cut operating costs by 12% to $217 million, thanks to AI-driven efficiency measures.
Shifting focus away from the U.S. due to regulatory challenges, Animoca is prioritizing portfolio support and leveraging AI for investment decisions, game development, and automation.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.
Ethereum co-founder Vitalik Buterin has voiced concerns over the rise of zero-knowledge (ZK) digital identity projects, specifically warning that systems like World — formerly Worldcoin and backed by OpenAI’s Sam Altman — could undermine pseudonymity in the digital world.