Animoca Brands has disclosed that it is “financially strong” to continue operations.
The Hong Kong-based firm reported a stablecoin reserve of $194 million as of April 30, 2023.  
It also sits on $566 million worth of liquid digital assets, including a utility token for the “Sandbox NFT metaverse platform,” SAND. 
Meanwhile, other token reserves not in the balance belonging to its majority-owned Web 3 subsidiaries are currently worth $2.7 billion. …
Read More: Blockchain Gaming Firm Animoca Brands Holds $194 Million in Cash and Stablecoins