Consensys Reportedly Prepares for IPO with JPMorgan and Goldman Sachs as Lead Underwriters

Ethereum infrastructure giant Consensys, the blockchain software company behind the popular MetaMask wallet, is reportedly preparing to go public, according to Axios. The company has chosen JPMorgan Chase and Goldman Sachsas lead underwriters for its highly anticipated initial public offering (IPO). If confirmed, this move would mark one of the most significant public listings in the blockchain sector, particularly for companies focused on building the Ethereum ecosystem—currently the world’s second-largest blockchain after Bitcoin.

Founded by Ethereum co-founder Joseph Lubin, Consensys has been instrumental in driving blockchain adoption by developing tools that connect users, developers, and enterprises to the decentralized web. Its flagship product, MetaMask, serves millions of users globally, allowing them to store cryptocurrencies, manage tokens, and access decentralized applications (dApps) directly through their browsers.

While Consensys has not officially confirmed its IPO plans, a company spokesperson told CoinDesk that it has “nothing to announce at this time” but continues to evaluate opportunities for growth. “The company is constantly exploring ways to expand its impact,” the spokesperson added.

Consensys also supports SharpLink, an Ethereum-based treasury management firm that recently announced plans to deploy $200 million of its holdings into on-chain yield strategies. The investment will be allocated on Linea, a Layer 2 network developed by Consensys to improve Ethereum’s scalability and reduce transaction costs.

If Consensys proceeds with the IPO, it would join a growing list of crypto-native companies entering public markets in 2025, including Circle (CRCL), Gemini (GEMI), and Bullish (BLSH). This wave of listings signals renewed confidence and institutional interest in blockchain infrastructure firms amid evolving regulatory clarity and rising investor demand for crypto exposure.