Key facts
- Consensys Software Inc. is splitting into two independent entities by the end of 2026.
- The current company will rebrand as MetaMask, focusing on its consumer-facing products like the crypto wallet.
- A new entity will retain the Consensys name and focus on institutional blockchain infrastructure and protocols, including Linea.
- Joe Lubin will lead MetaMask as Chairman and CEO and serve as Executive Chairman of the new Consensys.
- Mike Kriak will be CEO and David Cunningham will be President of the new Consensys entity.
Consensys Software Inc. is set to divide its operations into two separate entities by the end of 2026, separating its consumer-focused MetaMask business from its institutional and Ethereum protocol operations.
The existing company will rebrand as MetaMask, with Joe Lubin continuing as chairman and CEO. This entity will concentrate on the self-custodial wallet, which has seen over 100 million downloads globally and facilitated trillions of dollars in transactions. MetaMask has been expanding its services beyond basic crypto storage and trading, introducing features like Money Account for stablecoin yield and payments, and adding support for Bitcoin and Solana.
A newly formed Consensys will house the firm's Ethereum Layer-2 network, Linea, along with other institutional infrastructure components like Besu and Teku. This new entity will be led by CEO Mike Kriak and President David Cunningham, with Lubin serving as executive chairman. Its focus will be on providing blockchain infrastructure for financial institutions such as banks and asset managers.
Lubin stated that the split aims to provide each market with the specific focus and ambition it demands, allowing MetaMask to evolve into a platform for managing diverse forms of money and assets, while the new Consensys will continue building the core ecosystem.
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