Post-obit its delisting from the Australian Securities Exchange (ASX) last month, blockchain gaming startup Animoca Brands has engaged an online market to proceed private trades of shares in the visitor.

Animoca Brands —  the parent company of TSB Gaming — has made its mark on the blockchain gaming space in recent years by collaborating with big-name firms such as Tetris creator Atari and signing a global licensing agreement with Formula ane.

On Apr 9, Animoca released details of its engagement with PrimaryMarkets, an Commonwealth of australia-based online market for the trading of unlisted securities and investments.

By Q2 2022, existing shareholders and prospective professional and institutional buyers will be able to annals with the newly-established online private trading hub and submit their offers for matching in a confidential manner.

ASX cites concerns over Animoca'due south involvement in crypto-related activities

On March nine, ASX delisted Animoca after expressing concerns last December over what it believed to be breaches of its listing rules. These included Animoca's "involvement in cryptocurrency related activities," too equally governance items and the house's substantial use of SAFEs — Elementary Agreements for Hereafter Equities — issued by subsidiaries.

Nevertheless Anomoca'south response to ASX in Feb, the exchange proceeded to delist the company last month.

With secondary trading facilities for Animoca on the new trading hub on track, Animoca says it is meanwhile making efforts to pursue other list opportunities.

Withal its motility to delist the blockchain gaming firm, ASX has been pursuing its own blockchain implementation since late 2022 by developing infrastructure that will supervene upon its current arrangement for processing equity transactions with a new system based on the engineering science.