Blockchain software giant ConsenSys, the company behind the widely used MetaMask wallet, is reportedly preparing for an initial public offering (IPO) with JPMorgan Chase and Goldman Sachs serving as lead underwriters.
The move would mark one of the most significant public listings yet from the Ethereum ecosystem and signals growing investor confidence in regulated crypto firms.
IPO Could Arrive as Early as 2026
According to people familiar with the matter, ConsenSys’s IPO could take place as soon as 2026, though specifics regarding valuation, share price, or offering size remain undisclosed.
A company spokesperson stated that ConsenSys is “always evaluating growth options” but declined to confirm immediate plans, noting there is “nothing to announce at this time.” CEO Joseph Lubin, who co-founded Ethereum, has previously indicated that a public listing would be a “natural evolution” for the company.
If completed, the offering would mark a major milestone for the crypto industry, positioning ConsenSys alongside other recently public digital asset companies.
Crypto IPO Momentum Builds
ConsenSys’s potential listing follows a wave of crypto firms heading to public markets in 2025, including Circle, the issuer of USDC stablecoin, and the Bullish exchange, which debuted earlier this year.
Analysts suggest that improving market sentiment and a friendlier U.S. regulatory environment under the current administration have reignited IPO ambitions across the sector. The listings reflect a broader normalization of digital asset companies within traditional finance, a stark contrast to the regulatory uncertainty that defined much of 2022 and 2023.
MetaMask Expands Ahead of IPO Buzz
In recent months, ConsenSys has made a series of strategic product moves that appear designed to strengthen its market position ahead of a potential public debut.
- •MetaMask, which boasts tens of millions of users globally, launched perpetual futures trading and a rewards program aimed at deepening user engagement.
- •The company confirmed that its long-awaited MASK token, a native asset for MetaMask users, is on track to launch soon.
- •ConsenSys also teased an upcoming integration with Polymarket, a popular on-chain prediction platform, as part of a broader effort to expand its decentralized finance footprint.
These developments could help boost revenue and diversify product lines ahead of a possible IPO, according to market analysts tracking Ethereum-based companies.
Ethereum’s Infrastructure Powerhouse
Founded in 2014 by Joseph Lubin, ConsenSys has long been a central player in Ethereum’s software and infrastructure ecosystem. Beyond MetaMask, the company operates Infura, one of the most widely used Ethereum node infrastructure providers, and Linea, a Layer 2 scaling network designed for low-cost, high-speed transactions.
In its last funding round in March 2022, ConsenSys was valued at $7 billion, backed by investors including Microsoft, Temasek, and SoftBank.
With its mix of developer tools, wallet products, and DeFi integrations, ConsenSys has become a critical backbone for Ethereum’s growing institutional and retail adoption, positioning it as a likely candidate for one of the most high-profile tech IPOs of 2026.