Ethereum · Polymarket · The Block
Consensys splits MetaMask from institutional and Ethereum infrastructure businesses
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Ethereum-focused Consensys Software Inc. is splitting into two independent companies, separating its consumer-facing MetaMask business from its institutional and infrastructure operations.
Key facts
- The company said MetaMask has more than 100 million downloads across roughly 190 countries and has facilitated trillions of dollars in cumulative transaction volume
- In June, MetaMask launched its Money Account, allowing users to earn up to 4% APY on mUSD while using the same balance for spending through MetaMask Card and for trading, perps, and prediction markets
- Meanwhile, CSI's Protocols Group will become a newly formed company under the "Consensys" name focused on Ethereum and institutional blockchain infrastructure, including the Linea network and Besu
- Consensys Software will be rebranded as MetaMask, with Joe Lubin serving as chairman and CEO
Summary
Consensys Software will be rebranded as MetaMask, with Joe Lubin serving as chairman and CEO. Meanwhile, CSI's Protocols Group will become a newly formed company under the "Consensys" name focused on Ethereum and institutional blockchain infrastructure, including the Linea network and Besu and Teku clients, under CEO Mike Kriak and President David Cunningham, with Lubin as executive chairman. The company said the split reflects growing institutional demand for tokenization, stablecoins and blockchain infrastructure as financial firms move from pilots to production deployments. "For over a decade, the Consensys teams and products that ultimately became Consensys Software Inc. helped build the foundations of the Ethereum ecosystem, from the protocol itself to the tools and infrastructure that made self-custodial finance and sovereign networks possible," Lubin said in a statement.