Consensys Picks Wall Street Giants: Is a MetaMask IPO Finally Coming?
TLDR
- Consensys has selected JPMorgan and Goldman Sachs to lead its planned initial public offering.
- The company is best known for developing MetaMask, a widely used Ethereum wallet.
- Axios reported that the IPO preparations are underway, but the company has not confirmed a timeline.
- A Consensys spokesperson stated that the company is continuously exploring growth opportunities.
- SharpLink, backed by Consensys, announced plans to deploy $200 million into onchain strategies.
Consensys has reportedly appointed JPMorgan and Goldman Sachs to lead its initial public offering plans, according to Axios. The blockchain software firm behind MetaMask could become the latest crypto-native company to enter public markets. The company has yet to confirm a final IPO date.
JPMorgan to Lead Offering for Ethereum Infrastructure Developer
Consensys has chosen JPMorgan as one of two lead underwriters for its anticipated public listing, sources told Axios. The move signals growing interest from large financial institutions in crypto infrastructure firms. Goldman Sachs will also co-lead the offering, providing joint support.
Founded by Ethereum co-creator Joseph Lubin, Consensys is behind key Ethereum development tools. Its flagship product MetaMask is a browser-based digital wallet used by millions worldwide. The company has raised funding from high-profile investors over the past few years.
JPMorgan has deepened its crypto exposure through strategic partnerships and advisory roles. Its involvement in the Consensys IPO could strengthen Wall Street’s ties to the Ethereum ecosystem. Consensys continues to expand both its product line and enterprise reach.
MetaMask Parent Company Targets Public Markets
Consensys is reportedly preparing to file for an IPO within the following year. The company’s decision comes as several crypto-native firms test public markets. A spokesperson said Consensys is “constantly exploring opportunities to expand its impact.”
MetaMask allows users to store crypto assets, manage tokens, and interact with decentralized applications. The wallet plays a significant role in onboarding users to Ethereum. Millions of individuals and developers rely on its interface for blockchain access.
The company has not yet publicly filed documents with regulators. However, reports suggest JPMorgan and Goldman Sachs have begun preparing for a listing. The timing remains unclear as market conditions continue to evolve.
Ethereum-Focused Investments Gain Momentum
Consensys also supports SharpLink, an Ethereum-based treasury management company. SharpLink plans to allocate $200 million into onchain yield strategies. The company announced the deployment on Linea, a Layer 2 network built by Consensys.
Linea aims to reduce Ethereum transaction costs and improve speeds. This aligns with broader scaling efforts across Ethereum’s ecosystem. JPMorgan’s involvement could lend institutional credibility to Linea’s development.
JPMorgan has previously worked with blockchain firms on similar technology integrations. Its partnership with Consensys could accelerate enterprise adoption of Ethereum-based infrastructure. The firms did not comment on the expected valuation or IPO target.
The post Consensys Picks Wall Street Giants: Is a MetaMask IPO Finally Coming? appeared first on Blockonomi.
You May Also Like
The USDC Treasury destroyed 95.5 million USDC tokens on the Solana blockchain.
Mastercard wil cryptobedrijf Zerohash kopen: Eerste grote stap in de richting van DeFi
