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MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report


by Sujha Sundararajan
for Cryptonews
MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report

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MetaMask’s parent company, Consensys, is reportedly preparing to go public and has enlisted top banks, including JPMorgan and Goldman Sachs, to lead its initial public offering (IPO).

Axios reported Wednesday that improving regulatory clarity in the US is prompting more crypto firms to go public this year. If listed, Consensys would join Circle and Bullish, which recently went public in the US.

Further, the listing would make one of the largest crypto-native listings to date by an Ethereum infrastructure building firm. The IPO would take place as early as next year, Axios said citing unnamed sources.

Consensys IPO Ambitions Follow MetaMask Token Tout

Consensys’ best-known product, MetaMask, which serves as a digital crypto wallet, recently reignited speculation hinting that a long-awaited token airdrop could be imminent. It also announced a $30 million rewards initiative designed to incentivize users for on-chain activity.

In September, Consensys CEO Joseph Lubin confirmed that MetaMask would launch its native token “sooner than you would expect.”

Additionally, the wallet provider teased an upcoming integration with prediction market – Polymarket.

Apart from MetaMask, Consensys also backs Ethereum treasury management firm SharpLink. It has also notably supported the development of node infra service Infura and Layer 2 network Linea.

“Exploring Opportunities” After Clearing Regulatory Hurdles

In February, the U.S. Securities and Exchange Commission (SEC) notified Consensys that it would drop its lawsuit against MetaMask for providing staking functionality, clearing a key regulatory hurdle.

The lawsuit claimed that the San Francisco-based organization was acting as an unregistered broker of securities while collecting over $250 million in fees through staking programs.

A Consensys spokesperson told Decrypt that the company is “constantly exploring opportunities” to expand its foothold.

“While we continuously evaluate strategic options for growth, we have nothing to announce at this time,” the spokesperson added when asked about the planned listing.

The post MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report appeared first on Cryptonews.

Read the article at Cryptonews

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$ 0.175

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$ 0.015

+0.77%

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MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report


by Sujha Sundararajan
for Cryptonews
MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report

Share:

MetaMask’s parent company, Consensys, is reportedly preparing to go public and has enlisted top banks, including JPMorgan and Goldman Sachs, to lead its initial public offering (IPO).

Axios reported Wednesday that improving regulatory clarity in the US is prompting more crypto firms to go public this year. If listed, Consensys would join Circle and Bullish, which recently went public in the US.

Further, the listing would make one of the largest crypto-native listings to date by an Ethereum infrastructure building firm. The IPO would take place as early as next year, Axios said citing unnamed sources.

Consensys IPO Ambitions Follow MetaMask Token Tout

Consensys’ best-known product, MetaMask, which serves as a digital crypto wallet, recently reignited speculation hinting that a long-awaited token airdrop could be imminent. It also announced a $30 million rewards initiative designed to incentivize users for on-chain activity.

In September, Consensys CEO Joseph Lubin confirmed that MetaMask would launch its native token “sooner than you would expect.”

Additionally, the wallet provider teased an upcoming integration with prediction market – Polymarket.

Apart from MetaMask, Consensys also backs Ethereum treasury management firm SharpLink. It has also notably supported the development of node infra service Infura and Layer 2 network Linea.

“Exploring Opportunities” After Clearing Regulatory Hurdles

In February, the U.S. Securities and Exchange Commission (SEC) notified Consensys that it would drop its lawsuit against MetaMask for providing staking functionality, clearing a key regulatory hurdle.

The lawsuit claimed that the San Francisco-based organization was acting as an unregistered broker of securities while collecting over $250 million in fees through staking programs.

A Consensys spokesperson told Decrypt that the company is “constantly exploring opportunities” to expand its foothold.

“While we continuously evaluate strategic options for growth, we have nothing to announce at this time,” the spokesperson added when asked about the planned listing.

The post MetaMask Maker Consensys Picks JPMorgan, Goldman Sachs for IPO: Report appeared first on Cryptonews.

Read the article at Cryptonews

In This News

Coins

$ 0.175

-0.26%

$ 3.11K

+0.75%

$ 0.015

+0.77%

$ 1.37K

+1.81%

$ 0.00...361


Share:

In This News

Coins

$ 0.175

-0.26%

$ 3.11K

+0.75%

$ 0.015

+0.77%

$ 1.37K

+1.81%

$ 0.00...361


Share:

Read More

El precio del Bitcoin corre el riesgo de desplomarse, el recorte de tipos del Banco de Japón amenaza con sacudir los mercados

El precio del Bitcoin corre el riesgo de desplomarse, el recorte de tipos del Banco de Japón amenaza con sacudir los mercados

Ideas clave ¿Y si el precio del Bitcoin (BTC USD) se desploma hasta el nivel de 75.00...
Bitcoin Price Risks Crash, Bank Of Japan Rate Cut Threatens to Rattle Markets

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Key Insights What if Bitcoin (BTC USD) price crashes to the $75,000 level before maki...