MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report
MetaMask’s dad or mum firm, Consensys, is reportedly making ready to go public and has enlisted prime banks, together with JPMorgan and Goldman Sachs, to steer its preliminary public providing (IPO).
Axios reported Wednesday that enhancing regulatory readability within the US is prompting extra crypto corporations to go public this 12 months. If listed, Consensys would be part of Circle and Bullish, which just lately went public within the US.
Further, the itemizing would make one of many largest crypto-native listings so far by an Ethereum infrastructure constructing agency. The IPO would happen as early as subsequent 12 months, Axios mentioned citing unnamed sources.
Consensys IPO Ambitions Follow MetaMask Token Tout
Consensys’ best-known product, MetaMask, which serves as a digital crypto pockets, just lately reignited hypothesis hinting {that a} long-awaited token airdrop could be imminent. It additionally introduced a $30 million rewards initiative designed to incentivize customers for on-chain exercise.
In September, Consensys CEO Joseph Lubin confirmed that MetaMask would launch its native token “sooner than you would expect.”
Additionally, the pockets supplier teased an upcoming integration with prediction market – Polymarket.
Apart from MetaMask, Consensys additionally backs Ethereum treasury administration agency SharpLink. It has additionally notably supported the event of node infra service Infura and Layer 2 community Linea.
“Exploring Opportunities” After Clearing Regulatory Hurdles
In February, the U.S. Securities and Exchange Commission (SEC) notified Consensys that it might drop its lawsuit in opposition to MetaMask for offering staking performance, clearing a key regulatory hurdle.
The lawsuit claimed that the San Francisco-based group was appearing as an unregistered dealer of securities whereas amassing over $250 million in charges by means of staking packages.
A Consensys spokesperson advised Decrypt that the corporate is “continuously exploring alternatives” to broaden its foothold.
“While we constantly consider strategic choices for development, now we have nothing to announce presently,” the spokesperson added when requested in regards to the deliberate itemizing.
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