Ethereum · Cointelegraph
Consensys to split into MetaMask and institutional blockchain firm
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
The restructuring will separate MetaMask’s consumer business from Consensys’ Ethereum protocols and institutional blockchain infrastructure operations.
Key facts
- In February, the company added access to 200 tokenized US stocks, exchange-traded funds and commodities through Ondo Global Markets for eligible users outside the United States
- MetaMask has recorded more than 100 million downloads across roughly 190 countries and facilitated trillions of dollars in transaction volume, according to the company
- In June, MetaMask launched Money Account, which allows users to earn up to 4% variable APY on eligible mUSD stablecoin balances and spend the funds through MetaMask Card
- According to Wednesday’s announcement, the separation is expected to be completed by the end of 2026, with Joe Lubin serving as chairman and CEO of MetaMask and executive chairman of the new Consensys
Summary
Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operations. According to Wednesday’s announcement, the separation is expected to be completed by the end of 2026, with Joe Lubin serving as chairman and CEO of MetaMask and executive chairman of the new Consensys. The new Consensys will house the company’s protocols and institutional infrastructure businesses, including Linea, Besu and Teku, and will be led by CEO Mike Kriak and President David Cunningham. MetaMask will remain focused on consumer self-custody while expanding beyond crypto into payments, savings, investing and traditional financial products.