As a researcher with a background in the cryptocurrency sector, I find Joseph Lubin’s plans to take ConsenSys public intriguing. With his extensive experience in both traditional finance and blockchain technology, he is well-positioned to navigate the complex world of initial coin offerings (ICOs), tokenization, and public listings.
According to a recent report by DL News, Ethereum co-founder Joseph Lubin, who currently heads the blockchain software and Web 3 firm ConsenSys, is reportedly close to taking the company public. The latest developments suggest that ConsenSys could be on the verge of going public.
Speaking to DL News at the crypto conference DappCon in Berlin, Lubin said:
“We’ve discussed this topic extensively. In our community, there are various methods to make something publicly available. You can introduce a new protocol, convert a protocol into a token, or take a project outside of its current framework.”
In the world of cryptocurrencies, giving out tokens or conducting an airdrop for a new project is frequently compared to an Initial Coin Offering (ICO). Recently, there have been rumors swirling around a possible MetaMask airdrop.
With over 30 million users, MetaMask is a widely-used digital wallet in the cryptocurrency world. Introducing a MetaMask token would surely generate significant buzz and enthusiasm among crypto enthusiasts.
Lubin expressed a preference for utilizing ConsenSys’s own technology should they decide to go public. However, he didn’t specify the exact form this would take. He did suggest possibilities such as spinning off MetaMask or other business units like Linea and Infura, mentioning that over 40 companies have been spun out from ConsenSys, with some, like Gnosis, achieving great success.
ConsenSys Working with KPMG
Joseph Lubin revealed that ConsenSys has begun collaborating with auditing firm KPMG, yet he was tight-lipped about the specifics of their partnership.
I want to stress that ConsenSys intends to opt for a blockchain-based offering instead of the conventional route of listing shares on exchanges like Nasdaq for our public debut.
As a researcher studying the potential public debut of a company, I’ve observed that we’ve generally favored utilizing our own technological solutions for various endeavors. However, this doesn’t imply that we’d abandon American capital markets, which boast immense depth and liquidity. Instead, there could be innovative ways to go public while continuing to leverage our technology and ensuring accessibility for potential investors.
I, as an analyst, can tell you that Lubin, who honed my skills on Wall Street working for Goldman Sachs’ private wealth unit in the technology sector during the early 2000s, am now exploring potential acquisitions. We’ve recently secured approval from our board to move forward with this strategy and our level of activity is quite brisk.
As aanalyst, I’ve observed that in the past, ConsenSys has actively pursued strategic acquisitions and intellectual property purchases.
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2024-05-23 12:55