Consensys Splits MetaMask Into Standalone Company

Consensys Splits — Ethereum software firm Consensys announced it will split into two independent companies by the end of 2026, separating its MetaMask consumer wallet business from its institutional blockchain infrastructure operations.

The new MetaMask company will be led by Joe Lubin as Chairman and CEO, focusing on expanding beyond crypto into payments, savings, investing, and traditional financial products while maintaining its core self-custody wallet function. The company reports MetaMask has over 100 million downloads across roughly 190 countries and has facilitated trillions of dollars in transaction volume.

The other new entity, retaining the Consensys name, will house the company’s Ethereum protocols and institutional infrastructure businesses, including Linea, Besu, and Teku. It will be led by CEO Mike Kriak and President David Cunningham, focusing on Ethereum infrastructure and helping financial institutions deploy blockchain technology for tokenization and stablecoins.

Consensys stated the restructuring reflects the increasingly divergent priorities of its consumer and institutional business lines. MetaMask has recently expanded its product suite to include a yield-bearing stablecoin account, access to tokenized traditional assets, and a Mastercard-enabled spending card.