Consensys Splits Into Two Companies, Separating MetaMask From Ethereum Infrastructure

Consensys Software is dividing into two independently run companies, separating its widely used MetaMask wallet from its Ethereum infrastructure and institutional operations. The existing entity will be rebranded as MetaMask, led by Joe Lubin as chairman and CEO, with the company shifting its focus toward broader consumer finance offerings including payments, savings and investing. MetaMask has surpassed 100 million downloads across roughly 190 countries and has processed trillions of dollars in cumulative transaction volume.

New Consensys Entity to Focus on Institutional Infrastructure

A newly formed company will retain the Consensys name, led by CEO Mike Kriak and President David Cunningham, focusing on Ethereum protocol development and institutional blockchain infrastructure, including the Linea network and widely used client software. The split is expected to be finalized by the end of this year and reflects growing demand from financial institutions moving from pilot projects into full production use of tokenization and blockchain infrastructure.

Expansion Beyond Wallet Services Drove the Change

MetaMask has increasingly pushed beyond its original wallet function, launching a Mastercard backed payment card earlier this year and a money account product offering yield on stablecoin holdings alongside spending and trading features. Meanwhile, the infrastructure side of the business has drawn interest from major financial institutions using its enterprise blockchain tools. The company has not confirmed plans regarding a potential token or public listing following the split.