Consensys and MetaMask to Split Into Separate Companies

Consensys announced plans to split its business into two independent companies by the end of 2026. This move separates MetaMask, which has passed 100 million downloads, from the core Ethereum protocols and institutional tools that the company has built over the past decade.

MetaMask will operate as an independent entity focused on consumer finance, aiming to offer tools like automated earning, instant spending, and its newly introduced dollar stablecoin. Co founder Joe Lubin will step in full time as the Chief Executive Officer of MetaMask, while continuing to serve as Executive Chairman of the separate Consensys business.

Meanwhile, the new Consensys will concentrate on institutional infrastructure, supporting banks, tokenized assets, and the Linea Layer 2 network. Mike Kriak will take over as Chief Executive Officer of Consensys, with David Cunningham stepping in as President, as the firm positions itself for growing interest in tokenized traditional finance.