By
staff writer
June 11th, 2024
Joseph Lubin stated that ConsenSys is already working with auditing giant KPMG. He emphasized that ConsenSys would choose the blockchain path for its public offering.
Ethereum co-founder Joseph Lubin, who now leads the blockchain software and Web 3 firm ConsenSys, has recently unveiled his plans to take the company public. As per the latest report by DL News, ConsenSys could be in the final stage of going public.
Speaking to DL News at the crypto conference DappCon in Berlin, Lubin said:
“We’ve talked about that for a long time. And there are different ways to go public in our ecosystem. You can launch a protocol, you can tokenise a protocol, you can externalise a project.”
In the cryptocurrency sector, the tokenization or airdrop of a project is often considered similar to an Initial Coin Offering (ICO). Over the past few months, there have been speculations circulating the MetaMask airdrop.
The popular MetaMask wallet has a user base that exceeds a staggering 30 million. As a result, the issuance of the MetaMask token would undoubtedly create major excitement in the crypto community.
“If we do go public in some form, we’ve always been biassed to using our own technology,” said Lubin. However, the ConsenSys founder refrained from stating exactly which route they would adopt. But he gave some hint that ConsenSys might consider spinning out MetaMask, or its other business units such as Layer-2 blockchain network Linea or toolkit developer Infura. “We spun out over 40 of them. Some of them like Gnosis are very successful,” he said.
ConsenSys Working with KPMG
Disclosing further cards, Joseph Lubin stated that ConsenSys is already working with auditing giant KPMG but declined to provide any additional details.
Nevertheless, he emphasized that ConsenSys would choose the blockchain path for its public offering rather than pursuing a traditional listing of shares on the Nasdaq or another stock exchange. He added:
“If we do go public in some form, we’ve always been biassed to using our own technology to do something. That doesn’t mean we would want to walk away from American capital markets, which are deep and liquid,” he continued. “But there might be ways to go public using our own technology and still make it accessible.”
Lubin, who gained experience on Wall Street as a technology executive in Goldman Sachs’ private wealth unit in the early 2000s, is also considering acquisitions. “We’ve recently received board approval,” he mentioned. “Our activity level is quite high.”
In the past, ConsenSys has been conducting strong acquisitions and other intellectual property purchases.