Consensys Splits into MetaMask and Institutional Blockchain Company

Consensys Software Inc., the company behind the popular Ethereum wallet MetaMask, is splitting into two independent companies. This move will separate its consumer business from its institutional blockchain infrastructure operations. The separation is expected to be completed by the end of 2026.

The new Consensys will house the company's protocols and institutional infrastructure businesses, including Linea, Besu, and Teku. It will focus on Ethereum infrastructure and helping financial institutions deploy blockchain technology for tokenization, stablecoins, and other on-chain financial services. MetaMask, on the other hand, will remain focused on consumer self-custody while expanding beyond crypto into payments, savings, investing, and traditional financial products.

MetaMask has recorded over 100 million downloads across nearly 190 countries and facilitated trillions of dollars in transaction volume. The company said the restructuring reflects increasingly different priorities for its consumer and institutional businesses.