Consensys Plans IPO as Regulatory Hurdle Clears

Ethereum-focused software firm Consensys, best known as the creator of the MetaMask wallet, is reportedly preparing to go public with the help of major Wall Street banks.

According to sources, the company has brought on JPMorgan and Goldman Sachs to lead its upcoming initial public offering – a move that could mark one of the most significant crypto-related listings in years.

The timing aligns with renewed investor appetite for blockchain firms, following this year’s high-profile market entries by Circle, valued at about $6.9 billion in its June debut, and Bullish, which began trading on the New York Stock Exchange in August.

Although Consensys hasn’t officially confirmed the IPO plans, a company representative noted that the firm “regularly explores strategic opportunities for expansion” but has “nothing to announce at this time.”

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The potential listing comes after a key regulatory development earlier this year, when the U.S. Securities and Exchange Commission decided to drop its case against Consensys over MetaMask’s staking service. The agency had previously accused the firm of operating as an unregistered broker, but the reversal signaled a more lenient approach toward the crypto sector under the Trump administration.

Founded by Ethereum co-founder Joseph Lubin, Consensys builds essential Web3 tools and infrastructure, with MetaMask serving as one of the most widely used crypto wallets worldwide. The company last raised $450 million in 2022, achieving a valuation of around $7 billion at the time.

While details such as the offering size and valuation remain under wraps, reports suggest the IPO could take place as early as 2026, positioning Consensys among the growing list of crypto firms transitioning into the public market spotlight.