MetaMask Breaks Free: Ethereum's Biggest Wallet Goes Independent

MetaMask has surpassed 100 million downloads across 190 countries and is expanding its consumer finance business. This growth has led to a restructuring, separating MetaMask from Consensys' protocol and institutional infrastructure operations. Under this plan, Consensys Software Inc. will rebrand as MetaMask, with Ethereum co-founder Joseph Lubin serving as chairman and CEO. The newly formed company will retain the Consensys name and house the group's institutional and protocol businesses.

The split reflects how far MetaMask has moved from its early browser-wallet roots. It now operates across payments, stablecoins, tokenized investments, and spending products while keeping self-custody at its core. The company's 'Open Money' strategy is built around holding, spending, saving, trading, and investing from one interface.

For users, the corporate change should be operationally limited. Apps, assets, keys, and access will remain unchanged, while users do not need to migrate funds. The wallet will remain self-custodial and Ethereum-first, although it already supports more networks and financial products.