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Ethereum powerhouse ConsenSys, creator of the ubiquitous MetaMask wallet, is gearing up for a blockbuster initial public offering (IPO), enlisting JPMorgan Chase and Goldman Sachs as lead underwriters, Axios reported on October 29, 2025. This move, amid crypto’s resurgence, could rival Coinbase’s 2021 splash, valuing the firm at over $7 billion—its last mark in a 2022 $450 million Series D backed by SoftBank and BlackRock.
Founded in 2014 by Ethereum co-founder Joseph Lubin, ConsenSys bridges Web3 and TradFi with tools powering decentralized apps. The banks will steer SEC filings, roadshows, and pricing, eyeing a late 2025 or early 2026 launch if markets cooperate. A spokesperson noted: “We continuously evaluate strategic options for growth, but have nothing to announce.”
At the helm is MetaMask, boasting 30 million monthly active users as of mid-2025—a gateway for DeFi, NFTs, and staking that drove revenue spikes via fees and integrations. Recent upgrades include a $30 million Linea rewards program and teased MASK token launch, fueling speculation. Complementing it: Infura, the go-to Ethereum node service, and Linea, a Layer-2 scaler processing billions in tokenized flows.
The timing rides 2025’s IPO wave: Circle debuted at $6.9 billion in June, Bullish hit NYSE in August with $1.1 billion raised. Ethereum ETFs and stablecoin volumes—$19.4 billion YTD—bolster appetite, post-SEC’s February dismissal of a MetaMask staking suit. JPMorgan’s crypto ties, including past ConsenSys investments, add irony—Lubin once worked there.
This listing could eclipse Ethereum-native debuts, channeling capital into enterprise blockchain and global expansion. As TradFi embraces DeFi, ConsenSys’ IPO signals crypto infrastructure’s maturity. For Web3 investors: Track filings, token drops, and ETF inflows—Ethereum’s backbone is going public.
