Animoca Brands and Its Portfolio Companies Hold More Than $3.4B In Cash and Token Reserves

The company’s off-balance sheet token reserves from majority-owned web3 subsidiaries stood at $2.7 billion as of April 30, 2023.
Image source: Animoca Brands

Quick take:

  • Animoca Brands has released an unaudited statement on its current financial position.
  • The web3 investment company holds $3.4 billion in cash and token reserves across its portfolio companies.
  • Animoca revealed a cash and stablecoin position of $194 million and digital assets, which include the SAND token, worth $566 million.

Animoca Brands has released a statement on its financial position as of April 30, 2023. The Hong Kong-based web3 investment company holds more than $3.4 billion in cash, marketable assets and token reserves across its portfolio companies.

According to the unaudited financial statement published Thursday, Animoca Brands’ cash and stablecoin position stood at $194 million and held $566 million worth of digital assets, which also include the SAND token from its metaverse product, The Sandbox.

The company also revealed token reserves of $2.7 billion from its majority-owned web3 subsidiaries.

Animoca Brands has been one of the leading advocates for the advancement of digital property rights and the establishment of the open metaverse. The company invests in digital entertainment, blockchain, and gamification within the web3 space.

Its asset portfolio exceeds 380 web3 brands according to information on the company’s website. Last June, the company reported $4.2 billion in digital asset reserves spread across 340 web3 brands.

Some of Animoca Brands’ top products and subsidiaries include The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Life Beyond Studios, Notre Game, TinyTap, Be Media, PIXELYNX.

In the latest update, Animoca Brands said it will soon be releasing its audited financial statement for the year 2020, which will be followed shortly after by the publication of key financial and business highlights for the full year 2022 and Q1 2023.

Animoca Brands was last valued at about $5.9 billion when it raised $110 million in a round announced last September, which was led by Temasek, Boyu Capital, and GGV Capital. The company had raised $75 million in a Liberty City Ventures-led round at the same valuation two months earlier.


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