MetaMask Parent Company Consensys Prepares for IPO with Wall Street Giants
Axios revealed on Wednesday that Consensys, the Ethereum software company responsible for the MetaMask wallet, has enlisted JPMorgan...
Quick overview
- Consensys has engaged JPMorgan and Goldman Sachs to advise on its upcoming IPO, joining a trend of cryptocurrency firms preparing to go public.
- The SEC has withdrawn its complaint regarding MetaMask's staking functionality, easing regulatory challenges for Consensys ahead of the IPO.
- MetaMask is set to launch its MASK native token and has introduced new trading features, enhancing user engagement within its ecosystem.
- Consensys continues to expand its influence in the Ethereum space through various initiatives, including investments in Layer 2 solutions and treasury management.
Axios revealed on Wednesday that Consensys, the Ethereum software company responsible for the MetaMask wallet, has enlisted JPMorgan and Goldman Sachs to provide advice for its IPO. With the move, the company joins an increasing number of cryptocurrency businesses getting ready to list amid a resurgence of interest from investors in digital assets.
Consensys will, like other crypto firms like Circle and Bullish, which went public this year, look to take advantage of favorable market conditions. Circle, the issuer of the USDC stablecoin, staged a particularly successful IPO.
In February, the Securities and Exchange Commission notified Consensys that it will move to withdraw its complaint over MetaMask’s staking functionality, removing a critical regulatory hurdle ahead of any potential listing.
The indictment argued that the firm behaved as an unregistered broker, but the agency’s reversal reflected a general relaxation in US crypto enforcement under the Trump administration.
Consensys stated that it is continually looking for ways to increase its influence.
A spokeswoman stated that while we are constantly evaluating strategic development opportunities, there is nothing to announce at this time.
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🗞 Consensys, the parent company of MetaMask, has appointed JPMorgan and Goldman Sachs to lead its IPO.#cryptonews
— Korea Trading Community (@KoreanTrad) October 30, 2025
MetaMask and Ecosystem Growth
MetaMask, one of the most prominent cryptocurrency wallet providers, has recently made headlines. Last month, Joseph Lubin, co-founder of Ethereum and CEO of Consensys, announced that MetaMask will soon launch its much awaited MASK native token.
Then, this month, MetaMask announced the start of perpetual futures trading and a new incentive structure. Furthermore, the wallet provider hinted at an impending prediction markets connection with Polymarket.
These releases follow MetaMask’s recent confirmation that it will issue a token, which has long been expected by the community and is now officially in action, as part of its larger aim to provide new avenues for users to engage, MetaMask stated at the time.
Consensys’s Expanding Ecosystem
Consensys, founded by Ethereum co-founder Joseph Lubin, creates tools that users and developers can use to engage with Ethereum applications. Its best-known product, MetaMask, is a digital wallet that millions of people use to store cryptocurrency, administer tokens, and connect to decentralized applications straight from their browsers.
Aside from MetaMask, Consensys has also contributed significantly to the setting up of the node infrastructure service Infura as well as the Layer 2 network Linea. Consensys also backs SharpLink, an Ethereum treasury management startup that on Tuesday revealed plans to invest $200 million in onchain yield techniques. The funding will be distributed to Linea, a Consensys-*incubated Layer 2 network aimed at making Ethereum transactions faster and more affordable.
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