Blockchain technology company ConsenSys, the creator of MetaMask – the world’s most popular cryptocurrency wallet – is planning an initial public offering (IPO), according to a new report from Axios.
ConsenSys has reportedly teamed up with two Wall Street giants, JPMorgan and Goldman Sachs – names that are often involved in high-profile IPOs – to prepare for the listing. The move signals ConsenSys ’ ambition to expand its operations and cement its position as one of the most influential blockchain companies in the world.
The IPO wave in the crypto industry is heating up again
ConsenSys is not the only name that chose this time to debut on the stock exchange. Previously, Circle - the company that issues the stablecoin USDC, and Bullish also completed a successful IPO, bringing great confidence to investors. Circle 's IPO is especially noteworthy as it is XEM one of the most prominent financial technology deals this year.
Experts say the success of these companies is paving the way for other blockchain businesses to confidently enter traditional Capital markets, which were cautious with crypto during the volatile period of 2022–2023.
ConsenSys – The Silent Giant of Ethereum
Founded in 2014 by Joseph Lubin, ConsenSys has played a key Vai in building the infrastructure for Ethereum – the world’s second-largest blockchain network after Bitcoin. In addition to MetaMask, the company also developed Infura – a node service for developers, Linea – a Layer 2 network that reduces transaction costs, and supports SharpLink, an ETH treasury management company.
