Consensys, the company behind MetaMask, has hired JPMorgan and Goldman Sachs to lead its initial public offering (IPO), expected for late 2025 or early 2026. The listing would mark the market debut of one of the leading infrastructure firms in the Ethereum ecosystem.
Founded by Ethereum co-founder Joseph Lubin, Consensys develops tools such as MetaMask, Infura, and the Linea Layer 2 network. Its last valuation was $7 billion in 2022, a figure that could rise as new institutional investors seek exposure to blockchain-related assets.
Path to Public Offering Cleared
The decision to move forward with the IPO follows the SEC’s decision to drop its lawsuit against Consensys over MetaMask’s staking features, clearing the way for a U.S. listing. Reports also indicate that the company plans to allocate $200 million to yield strategies on the Linea network through its affiliate SharpLink, aiming to strengthen its position in on-chain finance.
Broader Market Trend
If completed, Consensys’s IPO would join the wave of crypto companies going public — including Circle, Gemini, and Bullish — accelerating the integration of blockchain infrastructure into traditional financial markets.