ConsenSys, founded by Ethereum co-founder Joseph Lubin, is restructuring in preparation for a potential IPO as it pivots towards becoming a core Web3 infrastructure provider. The company, known for products like MetaMask and Infura, has raised $6.5 billion, including a $4.5 billion D-round in 2022. Despite market volatility, ConsenSys continues to expand through acquisitions and product development. In 2025, ConsenSys launched the LINEA token and announced plans for an IPO, with JPMorgan and Goldman Sachs as lead advisors. The IPO, expected in 2026, aims to raise several hundred million dollars to support growth and regulatory compliance efforts.