Consensys Splits into MetaMask and Institutional Blockchain Entity
Consensys Software Inc., the company behind MetaMask, is splitting into two independent entities by the end of 2026. The separation will see Joe Lubin take on a dual role as chairman and CEO of MetaMask and executive chairman of Consensys.
The new Consensys will house the company's protocols and institutional infrastructure businesses, including Linea, Besu, and Teku, under the leadership of Mike Kriak and David Cunningham. This entity will focus on Ethereum infrastructure and helping financial institutions deploy blockchain technology for tokenization, stablecoins, and other on-chain financial services.
MetaMask, with over 100 million downloads across 190 countries and trillions of dollars in transaction volume, will remain focused on consumer self-custody while expanding into payments, savings, investing, and traditional financial products. The company's recent evolution beyond its crypto wallet roots includes the launch of Money Account, which allows users to earn up to 4% variable APY on eligible mUSD stablecoin balances.
The restructuring reflects increasingly different priorities for Consensys' consumer and institutional businesses.