Consensys Picks JPMorgan, Goldman Sachs for IPO

According to Axios, the firm has chosen JPMorgan and Goldman Sachs as lead underwriters for its initial public offering.

The decision comes at a time when regulators are clarifying rules for digital assets in the United States and abroad. Investors and institutions have been waiting for clearer guidance before committing to public crypto companies. By selecting two of Wall Street’s most prominent banks to manage the offering, Consensys is sending a message that it aims to appeal to both institutional and retail investors, blending traditional finance expertise with blockchain innovation.

IPO Strategy and Industry Context

Initial public offerings allow companies to sell shares to the public, raising capital for growth and expansion. For blockchain firms, going public offers not only funding but also credibility. MetaMask, Consensys’s flagship product, has over 30 million monthly active users, making it one of the most widely adopted Ethereum wallets globally. This user base positions Consensys as a significant player in decentralized finance, with a potential IPO drawing attention from investors eager to access the growing Ethereum ecosystem.

The move aligns with a broader trend. Earlier this year, Coinbase reported record quarterly earnings after its public listing, demonstrating strong demand for regulated exposure to crypto markets. Firms like Kraken and Circle have also explored public listings, reflecting growing institutional appetite for blockchain-based financial services. Analysts note that as regulatory frameworks become clearer, more crypto companies are likely to follow suit, aiming to tap into capital markets while navigating compliance safely.

Consensys’s IPO plans highlight how shifts in regulation can influence market activity. With U.S. regulators showing increasing interest in creating structured rules for digital assets, companies now have more confidence to go public without fearing sudden legal restrictions. The choice of JPMorgan and Goldman Sachs as underwriters further underscores the importance of credibility and compliance in this evolving landscape.

More About Consensys

Consensys announced that Ethereum’s next major upgrade, Fusaka, is now live on the Hoodi network, with the mainnet activation scheduled for December 3rd. Fusaka brings a series of Ethereum Improvement Proposals (EIPs) designed to enhance scalability, strengthen security, and reduce costs, setting the stage for the next phase of rollup scaling and parallel execution. The upgrade will roll out in stages, including a blob capacity increase on December 17 and a second hard fork on January 7, 2026.

Key features include PeerDAS (EIP-7594) for higher Layer 2 throughput, EIP-7825 and EIP-7935 to optimize gas limits, and CLZ (EIP-7939) and secp256r1 (EIP-7951) to boost performance and support ZK proofs. The client release window opens on November 3, giving operators 30 days to upgrade. Fusaka paves the way for future milestones like Glamsterdam and the Surge, highlighting Ethereum’s ongoing commitment to long-term scalability and Layer 2 innovation.