Consensys Splits into MetaMask and Institutional Blockchain Company
Consensys is splitting into two separate companies: MetaMask and a new institutional blockchain entity. The separation, expected to be completed by December 2026, will see Joe Lubin serve as chairman and CEO of MetaMask and executive chairman of the new Consensys.
The new Consensys will house the company's protocols and institutional infrastructure businesses, including Linea, Besu, and Teku. Mike Kriak will lead this entity as CEO, with David Cunningham serving as president.
MetaMask, on the other hand, will remain focused on consumer self-custody while expanding beyond cryptocurrency into payments, savings, investing, and traditional financial products. The company has already recorded over 100 million downloads across nearly 190 countries.
The move leaves questions about public-market plans unanswered, with some speculating about an initial public offering (IPO) or token sale. Lubin declined to comment on the renewed timeline for an IPO, stating only that 'We don't comment on market speculation or potential future capital markets activity.'