Consensys Plans Public Debut, Taps JPMorgan and Goldman Sachs to Lead IPO: Axios
Consensys, the blockchain software company behind the MetaMask wallet, plans to go public and has chosen JPMorgan Chase and Goldman Sachs as lead underwriters for its initial public offering, Axios reported Wednesday. The listing would mark one of the most significant public debuts yet by a firm building the infrastructure of Ethereum ETH$4,027.87, the world’s second-largest blockchain.
Founded by Ethereum co-founder Joseph Lubin, Consensys develops tools that allow users and developers to interact with Ethereum applications. Its best-known product, MetaMask, serves as a digital wallet used by millions to store crypto, manage tokens, and connect to decentralized applications directly from a browser.
Consensys also backs SharpLink, an Ethereum treasury management firm that on Tuesday announced plans to deploy $200 million of its holdings into onchain yield strategies. The funds will be allocated on Linea, a Layer 2 network incubated by Consensys that aims to make Ethereum transactions faster and cheaper.
Consensys’ IPO comes amid a wave of crypto-native companies going public on U.S. exchanges this year after years of cautious investor sentiment and unclear regulation, including stablecoin issuer Circle (CRCL), crypto exchange Gemini (GEMI) and crypto platform Bullish (BLSH).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Bitcoin Eyes $200K Amid Market Fluctuations—BlockchainFX Presale Seeks to Leverage Opportunity
- Saylor and Kiyosaki advocate for Bitcoin's $200K target by 2025, citing accumulation trends and geopolitical stability. - BlockchainFX's $0.029 presale (targeting $0.05) attracts $10.4M+ in 15,700+ investors with 90% APY staking and Visa card utility. - Macroeconomic tailwinds (98.3% Fed cut probability) and institutional Bitcoin adoption (MicroStrategy's 3.5x growth) reinforce bullish sentiment. - Volatility risks persist: Bitcoin ETF outflows ($488M) contrast with strategic corporate accumulation and B
Democratic Anti-Crypto Legislation Ignites Partisan Clash Over Connections to Trump
- U.S. Democrats, led by Rep. Ro Khanna, introduced a bill to ban elected officials from crypto/NFTs and mandate asset disclosure, targeting Trump’s pro-crypto ventures. - The bill accuses Trump’s family of leveraging their influence to promote unregulated crypto projects, citing World Liberty Financial’s ties to Binance’s Zhao. - Partisan clashes intensify as Trump pardoned Zhao, boosting BNB/BNB, while New Hampshire’s crypto mining deregulation stalled over environmental concerns. - Senator Warren critic
Bitcoin News Update: Privacy-Focused Zcash Soars by 400% While Bitcoin Faces Broader Economic Challenges
- Zcash (ZEC) surged 400% in 30 days, hitting a seven-year high amid Bitcoin's $108,000 struggle due to macroeconomic pressures and geopolitical tensions. - Institutional interest and 4.5M ZEC locked in shielded pools drove ZEC's rally, reflecting growing demand for privacy-centric assets like the Grayscale Zcash Fund's $85M inflows. - Bitcoin faces headwinds from Fed rate cuts, U.S.-China trade dynamics, and Trump-era nuclear rhetoric, with technical indicators signaling oversold conditions below $110,000
Thodex CEO's Death in Prison Triggers Immediate Demands for Cryptocurrency Oversight Following $2.6 Billion Loss
- Faruk Fatih Özer, former CEO of collapsed Turkish crypto exchange Thodex, was found dead in prison while serving an 11,196-year sentence for orchestrating a $2.6B fraud. - His death reignited scrutiny over Thodex's 2021 collapse, which left thousands of investors with losses, prompting urgent calls for stricter crypto regulations in Turkey and globally. - Prosecutors alleged Özer siphoned $253M in crypto assets through fraudulent transactions, though initial loss estimates ($24M) starkly contrasted with
Trending news
MoreCrypto prices
More
