Consensys, the blockchain software company behind the Metamask Wallet, plans to go public and has selected JPMorgan Chase and Goldman Sachs as lead underwriters for the initial public offering, Axios reported Wednesday. The listing will mark one of the most significant public debuts by a firm building Ethereum’s infrastructure. the second largest blockchain in the world.
When asked for a comment, a spokesperson for the company told Coindesk that it has “nothing to announce at this time” but that it continues to evaluate options for growth. “The company continues to explore opportunities to expand its impact,” the spokesperson said.
Founded by Ethereum co-founder Joseph Lubin, Consensys develops tools that allow users and developers to interact with Ethereum applications. The best-known product, Metamask, serves as a digital wallet used by millions to store crypto, manage tokens, and connect to decentralized applications directly from a browser.
Consensys is also backing Sharplink, an Ethereum Treasury management firm that on Tuesday announced Plans to deploy $200 million of its holdings in Onchain yield strategies. The funds will be allocated to Linea, a network 2 network consumed by consensys that aims to make Ethereum transactions faster and cheaper.
If Consensys goes public, it will join several other crypto-native companies that have listed on US exchanges this year after years of cautious investor sentiment and unclear regulation, including StableCoin Issuer Circle (CRCL), crypto exchange Gemini (Gemi) and crypto platform Bullish (Blsh).
Update (October 29, 9:42 UTC): Adding statement from Consensys.
