Key facts
- Consensys Software Inc. is splitting into two independent companies by the end of 2026.
- MetaMask will focus on consumer self-custody, payments, savings, investing, and traditional financial products.
- The new Consensys entity will focus on Ethereum infrastructure and helping financial institutions deploy blockchain technology.
- Joe Lubin will serve as chairman and CEO of MetaMask and executive chairman of the new Consensys.
- Mike Kriak will lead the new Consensys as CEO, with David Cunningham as President.
Consensys Software Inc. is splitting its operations into two independent companies by the end of 2026, separating its consumer-focused MetaMask business from its institutional blockchain infrastructure and Ethereum protocol operations. The current company will rebrand as MetaMask, with Joe Lubin continuing as chairman and CEO. This entity will focus on self-custodial wallets, expanding into payments, savings, investing, and traditional financial products. MetaMask has recorded over 100 million downloads globally and facilitated trillions of dollars in transaction volume. The new Consensys entity will house protocols like Linea, Besu, and Teku, and will be led by CEO Mike Kriak and President David Cunningham, with Lubin serving as executive chairman. This new entity will focus on providing blockchain infrastructure for financial institutions. Lubin stated the split aims to give each market the specific focus and ambition it demands.