- Consensys begins IPO work with major banks as crypto firms access public markets under improved policy support.
- MetaMask upgrades and SEC case dismissal strengthen Consensys ahead of its expected stock market debut.
- Consensys has raised strong funding and builds Ethereum tools as investors show rising interest in Web3 firms.
Consensys has begun formal steps toward a public listing as it works with JPMorgan and Goldman Sachs on preparations for an initial public offering. The move places the Ethereum developer in line with other crypto firms entering public markets under improving regulatory sentiment and steady institutional interest.
Axios reported the development on Oct. 29 and indicated that planning remains underway with no disclosed valuation or final timeline.
Ethereum infrastructure firm moves toward listing
Consensys developed core tools for the Ethereum ecosystem since its founding in 2014 by Ethereum co-founder Joseph Lubin. The company built infrastructure that supports developers and users across the network.
Its products include Infura, a major service for managing Ethereum nodes, and Linea, a layer-2 network that enables faster and cheaper transactions on Ethereum. The company also supported SharpLink, a digital treasury platform that deployed more than $200 million into on-chain yield strategies.
The company last raised funds in 2022 through a Series D round that secured $450 million and pushed its valuation to $7 billion. That round included major global investors. Those backers included SoftBank, BlackRock, JPMorgan, and Mastercard. The continued interest from institutional firms signaled confidence in its infrastructure model and Web3 positioning.
Major banks guide IPO strategy
According to Axios, JPMorgan and Goldman Sachs will lead the IPO process. Both banks plan to oversee underwriting, pricing, and investor engagement. Analysts expect the listing as early as late 2025 or sometime in 2026. Market participants view this as part of a broader trend of crypto companies tapping traditional markets during more favorable policy conditions.
Recent U.S. regulatory shifts have lowered uncertainty for digital asset firms. The Trump administration placed greater emphasis on enabling digital asset companies to access capital markets. This trend already supported strong listings for firms such as Circle and Bullish earlier this year.
MetaMask growth builds momentum
Consensys owns MetaMask, one of the most widely used crypto wallets. MetaMask has expanded its offerings during the past year. The wallet rolled out a native token plan, launched perpetual futures trading, and introduced a rewards program. It also prepared a prediction market integration with Polymarket. These steps helped strengthen user engagement and position the wallet for potential future utility in Web3 environments.
The firm also overcame a major regulatory obstacle earlier this year when the U.S. Securities and Exchange Commission dropped a case tied to MetaMask’s staking features. The dismissal removed a key compliance barrier and cleared a path for public market plans.
