- MetaMask’s parent company, Consensys, is apparently preparing for an initial public offer (IPO) and has enlisted the help of Wall Street giants JPMorgan and Goldman Sachs.
- Consensys’ IPO follows a recent trend of crypto firms going public including the likes of Circle and Bullish.
- MetaMask has recently added new features including a rewards program and in-app perps trading. It will soon allow in-app betting through an integration with Polymarket.
Consensys, the company behind the popular Ethereum-based wallet MetaMask, is planning an initial public offering (IPO), according to a Wednesday report from Axios. The firm has reportedly enlisted the help of JPMorgan and Goldman Sachs to assist with the IPO.
Consensys’ decision to go public follows a swathe of recent IPOs by other crypto-related firms including Circle, the company behind the USDC stablecoin, and Bullish, a crypto exchange company and owner of crypto news outlet CoinDesk.
Circle had a massive debut in June 2025, opening at more than double its IPO price of US$31 (AU$47) at US$69 (AU$105) per share. Its value rose rapidly, hitting a high of around US$298 (AU$452) within the same month. Currently it’s trading at around US$131 (AU$198).
The prospects for crypto firms going public have improved since Donald Trump returned to the Whitehouse, with his administration’s staunchly pro-crypto stance fuelling the market’s appetite for crypto-related companies.
It appears MetaMask is engaging in something of a blitz to attract more active users ahead of its IPO, having launched a new rewards program just days ago.
Last month, Joe Lubin, the CEO of Consensys, confirmed that MetaMask would soon also be launching a MASK token, which could potentially add additional rewards for consistent users of the wallet platform.
Related: Consensys Expands Token Strategy: MetaMask, Linea, and Now Infura to Join “Token-Powered” Ecosystem
Earlier this month, MetaMask launched in-app perpetuals trading, powered by decentralised perpetuals exchange, Hyperliquid. The company also said it plans to add in-app betting functionality by integrating the decentralised ‘prediction market’, Polymarket.
Related: Hyperliquid Rolls Out HIP-3 Upgrade, Paving the Way for Permissionless Perp Market Creation
MetaMask says the new Hyperliquid integration, which is only available in select geographic regions, allows one-click, swap fee-free perps trading on any Ethereum Virtual Machine (EVM) enabled public network.
In a blog post, MetaMask described the launch of perps trading and its new rewards program as “two foundational features,” that “establish MetaMask as an all-in-one self-custodial trading and investment hub for global finance.”
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