Hassan Maishera
TL;DR
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The MetaMask maker, Consensys, is set to go public and has hired JPMorgan and Goldman Sachs to lead the IPO.
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The move comes as a wave of cryptocurrency companies have gone public in recent months.
Consensys to Go Public
Consensys, the blockchain software company behind the MetaMask wallet, is set to go public and has hired JPMorgan Chase and Goldman Sachs as lead underwriters for its IPO.
In a report by Axios, the IPO could be one of the most significant in the crypto space, as Consensys is also a major developer in the Ethereum ecosystem. A Consensys spokesperson told CoinDesk that,
The company has nothing to announce at this time, but it continuously evaluates options for growth. Consensys is constantly exploring opportunities to expand its impact.
Consensys develops tools that allow developers and users to interact with dApps on the Ethereum blockchain. It is the developer of MetaMask, the digital wallet that serves millions of users, allowing them to store crypto, manage tokens, and connect to decentralized applications directly from a browser.
In addition to that, Consensys also backs SharpLink, an Ethereum treasury management firm that currently holds 859,400 ETH coins.
Consensys will join a host of other leading cryptocurrency companies in going public. In recent months, stablecoin issuer Circle (CRCL), crypto exchange Gemini (GEMI), and crypto platform Bullish (BLSH) have all launched on the stock exchange.
