- Consensys plans to go public with top banks as lead underwriters.
- JPMorgan and Goldman Sachs will manage the IPO process.
- MetaMask’s parent company moves toward mainstream finance.
In a major move toward the public markets, Consensys, the company behind the popular crypto wallet MetaMask, has reportedly selected JPMorgan and Goldman Sachs as lead underwriters for its upcoming IPO, according to Axios.
This decision signals Consensys’s ambition to align itself with Wall Street’s top institutions as it looks to raise funds and scale further. Partnering with two of the biggest investment banks in the world could also help legitimize its IPO in the eyes of traditional investors.
MetaMask Maker Eyes Public Debut
Consensys has been one of the most prominent players in the Ethereum ecosystem, especially through its MetaMask wallet, which has become a go-to tool for millions interacting with decentralized apps and DeFi protocols.
By selecting powerhouse underwriters like JPMorgan and Goldman Sachs, Consensys is clearly aiming for a high-profile public listing. The IPO will likely attract significant attention not only from crypto-native investors but also from institutional players who have grown increasingly interested in blockchain and Web3.
Traditional Finance Meets Web3 Innovation
This move represents yet another step in the ongoing convergence between traditional finance and the Web3 world. JPMorgan, which has already explored blockchain through its own initiatives, and Goldman Sachs, which has been cautiously entering the crypto space, are now set to help one of crypto’s foundational companies enter the public market .
While no official IPO date has been confirmed yet, the involvement of such high-profile underwriters suggests that Consensys is serious about pushing forward with its plans. Investors and industry watchers will be keeping a close eye on how this IPO unfolds—and what it means for the broader crypto sector.
