Joe Lubin, founder and CEO of ConsenSys discussed the possibility of the company going public at the DappCon conference in Berlin.
The cryptocurrency industry has been able to triumph over a painful bear market thanks to the major changes that have taken place in the cryptocurrency world, such as Bitcoin and Ethereum becoming popular.
DL News recently provided an update on ConsenSys’s aspirations to enter the mainstream market. Is it finally possible for ConsenSys, one of the most significant technology companies in the cryptocurrency industry, to go public? This is the question that arises.
Joe Lubin Insights on Public Listing Strategies
During an interview that took place at the DappCon conference in Berlin, Joe Lubin, the founder and CEO of ConsenSys made a passing reference to the prospect of this happening.
He noted that the practice of becoming public has been a subject of debate for a considerable amount of time. Lubin highlighted the various methods available within the cryptocurrency ecosystem for publicization.
These methods include establishing or tokenizing a protocol, as well as externalizing a project. In the event that ConsenSys were to go public, he highlighted that the company would most likely make use of its own technology.
Taking into consideration the achievements of previous initiatives such as Gnosis, Lubin proposed the possibility of spin-offs of significant components such as MetaMask, Infura, or Linea.
Despite the fact that he did not provide many specifics, he did note that ConsenSys is working together with the auditing firm KPMG, which is an indication that something potentially major is in the works.
Joe Lubin made it quite clear that ConsenSys would rather go public through a blockchain-based model than through the listing of shares on conventional stock markets.
Although he acknowledged the importance of the American capital markets, he stated a preference for utilizing their own technologies that they had developed.
Strategic Moves and Security Priorities
With the goal of bolstering ConsenSys’ position, Lubin, who once had a job at Goldman Sachs, is also investigating the possibility of acquisitions.
He added that the board has already given its approval to a new initiative, notably in the field of cybersecurity, nevertheless, he did not reveal any precise specifics about the venture.
Joe Lubin brought attention to ConsenSys’ history of acquisitions, intellectual property purchases, and acquisitions, highlighting the importance of security for the company’s end users.
In light of the fact that MetaMask is both very valuable and exceptionally vulnerable, he emphasized the importance of taking precautions against potential dangers, describing the cryptocurrency ecosystem as being rife with various types of predators.