Consensys Plans IPO, Reveals MetaMask Token Plans

Consensys, the Ethereum-software firm behind MetaMask, has hired JPMorgan and Goldman Sachs as lead underwriters for a planned U.S. IPO that could occur in 2026. The move follows a regulatory win after the SEC moved to dismiss its lawsuit over MetaMask’s staking features, clearing a major hurdle to a public listing. Founded by Ethereum co‑founder Joseph Lubin and last valued at roughly $7 billion after a $450 million 2022 funding round, Consensys builds infrastructure including MetaMask, Linea and SharpLink. MetaMask serves over 30 million users, and market observers cite rising on‑chain activity — a reported 15% jump in daily active addresses and increased large‑holder accumulation — as drivers of institutional interest. Consensys is also planning MetaMask product expansions, including a proposed MASK token, perpetuals, rewards and prediction‑market integrations, signaling expanded monetization and product strategy ahead of the offering.