Consensys Splits into MetaMask and Blockchain Infrastructure Firm

Consensys Software Inc., the Ethereum software company behind MetaMask, is splitting into two separate entities. The consumer business will be housed in MetaMask, while the institutional blockchain infrastructure operations will form a new company called Consensys.

The separation is expected to be completed by the end of 2026. Joe Lubin will serve as chairman and CEO of MetaMask and executive chairman of Consensys.

MetaMask has seen significant growth, with over 100 million downloads in around 190 countries and facilitated trillions of dollars in transaction volume.

The company said the restructuring reflects different priorities for its consumer and institutional businesses. MetaMask will focus on consumer self-custody and expand beyond crypto into payments, savings, investing, and traditional financial products.