MetaMask Breaks Free as Consensys Splits into Two

Consensys Software is undergoing a significant restructuring by year-end. The company will split its MetaMask business from its institutional blockchain infrastructure, creating two independent entities.

The new MetaMask entity will focus on self-custody financial services for individual users, expanding beyond its cryptocurrency wallet to include payments, savings, and investments. With over 100 million cumulative downloads across 190 countries, and trillions of dollars in total transaction volume, MetaMask is poised for growth.

The spun-off company, Consensys, will focus on institutional blockchain infrastructure, including the Layer 2 network Linea and Ethereum clients Besu and Teku. This move is driven by rising demand from financial institutions for tokenization, stablecoins, and blockchain infrastructure.