Consensys Plans Public Debut, Taps JPMorgan and Goldman Sachs to Lead IPO: Axios

Core Insights - Consensys, the blockchain software company known for the MetaMask wallet, is planning to go public and has selected JPMorgan Chase and Goldman Sachs as lead underwriters for its initial public offering [1] - This potential listing would represent a significant public debut for a company focused on building Ethereum infrastructure, which is the second-largest blockchain globally [1] Company Overview - Founded by Ethereum co-founder Joseph Lubin, Consensys develops tools that facilitate user and developer interaction with Ethereum applications [3] - MetaMask, its most recognized product, is a digital wallet utilized by millions for storing cryptocurrency, managing tokens, and connecting to decentralized applications via a browser [3] Recent Developments - Consensys supports SharpLink, an Ethereum treasury management firm that recently announced plans to invest $200 million of its holdings into on-chain yield strategies [4] - The funds will be allocated on Linea, a Layer 2 network developed by Consensys aimed at enhancing the speed and cost-effectiveness of Ethereum transactions [4] Market Context - If Consensys proceeds with its public offering, it would join several other crypto-native companies that have listed on U.S. exchanges this year, following a period of cautious investor sentiment and regulatory uncertainty [5]