Ethereum Updates Today: ConsenSys' Public Listing Marks a Turning Point as Cryptocurrency Engages with Wall Street

ConsenSys, the Ethereum infrastructure company best known for developing the MetaMask wallet, is reportedly gearing up for an initial public offering (IPO), according to several sources: a

, a , and . The firm has brought on and as its main underwriters, marking a significant milestone as the lines between traditional finance and blockchain blur, according to Ventureburn. While an official schedule has not been announced, insiders believe the IPO could take place as soon as late 2025 or sometime in 2026.

This potential public listing comes after a major regulatory win earlier this year, when the U.S. Securities and Exchange Commission (SEC) dropped its lawsuit against Consensys regarding MetaMask’s staking features. The SEC had previously accused the company of acting as an unregistered broker, but the case’s dismissal has cleared a significant obstacle for the IPO, as reported by Yahoo Finance. This outcome coincides with broader changes in U.S. crypto regulation, including the pro-crypto approach of the Trump administration, which has fostered greater institutional involvement and regulatory certainty, Ventureburn notes.

Established in 2014 by

co-founder Joseph Lubin, Consensys has become a key player in the Ethereum landscape. Its leading product, MetaMask, enables millions to access decentralized apps (dApps), handle digital assets, and engage with DeFi protocols. The company also runs Infura, a vital backend service for Ethereum developers, and , a Layer-2 solution aimed at lowering transaction fees, according to a . Recent developments include the launch of MetaMask’s native stablecoin, mUSD, and upcoming plans for a perpetual futures trading platform, as highlighted by Markets.

If successful, the IPO would make Consensys one of the first major blockchain infrastructure companies to go public. Its valuation has climbed since 2022, when it secured $450 million in funding at a $7 billion valuation. Current secondary market estimates value the company between $10 and $10.5 billion, indicating renewed optimism among crypto investors, according to

. This growth is similar to that of Circle, which went public on the NYSE in June 2025 at a $6.9 billion valuation, and Bullish, which listed in August, as reported by Yahoo Finance.

This move highlights the increasing trend of crypto-focused companies seeking to enter public markets. Firms such as Gemini, OKX, and

are considering similar strategies, while others like Ripple and , are proceeding more cautiously. Analysts see Consensys’ IPO as a potential industry benchmark, given its central role in Ethereum’s infrastructure and its collaborations with established financial institutions like JPMorgan and Goldman Sachs, according to Ventureburn and Bitget.