TLDR
- Consensys, the company behind MetaMask wallet, is planning an IPO with JPMorgan Chase and Goldman Sachs as lead underwriters
- The move follows successful public listings by other crypto firms including Circle, Gemini, and Bullish in 2025
- Consensys was founded by Ethereum co-founder Joseph Lubin and develops tools for interacting with Ethereum applications
- The company backs SharpLink, which announced plans to deploy $200 million into onchain yield strategies on Linea Layer 2 network
- MetaMask recently announced plans to launch its MASK native token and add perpetual futures trading
Consensys, the blockchain software company that created the MetaMask wallet, is preparing to go public. The company has selected JPMorgan Chase and Goldman Sachs to lead its initial public offering, according to Axios.
When contacted for comment, a Consensys spokesperson told CoinDesk the company had “nothing to announce at this time.” The spokesperson added that Consensys continuously evaluates options for growth and is “constantly exploring opportunities to expand its impact.”
Joseph Lubin, an Ethereum co-founder, established Consensys in 2014. The company focuses on building tools and infrastructure that allow users and developers to work with Ethereum applications.
According to Axios, Consensys, the parent company of MetaMask, has selected JPMorgan and Goldman Sachs as lead underwriters for its IPO. The report notes that a more favorable regulatory environment is prompting crypto firms to accelerate their plans to go public.âŚ
— Wu Blockchain (@WuBlockchain) October 29, 2025
MetaMask is the company’s most recognized product. The digital wallet serves millions of users who store cryptocurrency, manage tokens, and connect to decentralized applications through their web browsers.
Recent Developments at Consensys
Consensys supports SharpLink, an Ethereum treasury management firm. On Tuesday, SharpLink announced it would deploy $200 million of its holdings into onchain yield strategies. These funds will be allocated on Linea, a Layer 2 network that Consensys incubated.
Linea aims to make Ethereum transactions faster and more affordable. The network represents one of several infrastructure projects developed by Consensys over the past decade.
The company has also supported the development of Infura, a node infrastructure service. These tools collectively help developers build and maintain applications on the Ethereum blockchain.
MetaMask recently revealed plans to launch its MASK native token. Last month, Lubin confirmed the token would arrive in the near future. The wallet provider also announced it would launch perpetual futures trading and a new rewards system.
Crypto Firms Enter Public Markets
If Consensys completes its IPO, it would join several crypto companies that listed on U.S. exchanges in 2025. Circle, the issuer of the USDC stablecoin, went public earlier this year. The company’s IPO proved successful and drew strong investor interest.
Gemini, a cryptocurrency exchange, also listed on U.S. markets this year. Bullish, another crypto platform, completed its public offering as well.
These listings follow years of cautious investor sentiment toward crypto companies. Regulatory uncertainty had previously made many firms hesitant to pursue public offerings.
Market conditions improved after President Trump took office in January 2025. The administration adopted a crypto-friendly stance, which helped create a more favorable environment for digital asset companies.
The improved regulatory clarity has encouraged more crypto firms to explore public markets. Companies that previously waited on the sidelines began moving forward with listing plans throughout 2025.
Consensys has been building Ethereum infrastructure for over a decade. The company’s potential IPO would represent one of the largest public debuts by an Ethereum-native firm.
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