Ethereum software giant ConsenSys, the company behind the popular MetaMask wallet, has reportedly hired JPMorgan and Goldman Sachs to advise on an initial public offering (IPO), according to .
Ethereum software giant ConsenSys, the company behind the popular MetaMask wallet, has reportedly hired JPMorgan and Goldman Sachs to advise on an initial public offering (IPO), according to .
Axios reported that the IPO could take place as early as next year, potentially making it one of the largest public listings for an Ethereum-focused company. If successful, ConsenSys would join peers like Circle and Bullish, both of which went public earlier this year.
Circle’s at a $6.9 billion valuation and Bullish’s New York Stock Exchange shows strong institutional appetite for crypto infrastructure plays.
Founded in 2014 by Ethereum co-creator Joseph Lubin, ConsenSys has evolved into one of the blockchain ecosystem’s most influential builders. Its flagship product, MetaMask, serves tens of millions of active users.
Beyond MetaMask, ConsenSys operates key Ethereum infrastructure, including the node service Infura, the Layer 2 network Linea, and the treasury management platform SharpLink.
Speculation around the IPO coincides with growing buzz for MetaMask’s native MASK token. In recent months, ConsenSys has confirmed that “sooner than expected,” accompanied by a $30 million rewards initiative aimed at incentivizing on-chain engagement.
The firm said these developments are part of a broader effort to “open new ways for users to engage,” hinting that the MASK token could play a central role in user rewards and governance.
Earlier this year, the Securities and Exchange Commission (SEC) to dismiss its lawsuit against the company over MetaMask’s staking features, which had accused it of operating as an unregistered broker.
The SEC’s reversal marked a significant regulatory win, removing a major obstacle ahead of a possible listing. A spokesperson for ConsenSys told that while the company is “constantly exploring opportunities to expand its impact,” it has “nothing to announce at this time.”
If ConsenSys moves forward with the IPO, it would represent one of the most significant milestones for Ethereum’s broader ecosystem. Unlike previous crypto listings centered on exchanges or mining firms, this would mark the first major debut by an Ethereum infrastructure company.
