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Consensys has announced it will separate into two independent companies, MetaMask for consumer self-custodial finance and Consensys for Ethereum (ETH) protocols and institutional infrastructure, with the split expected to close by the end of 2026.<\/p>\n
The reorganization ends a single-company structure that has held for over a decade. MetaMask takes the self-custodial wallet, which the company says has passed 100 million downloads across roughly 190 countries and facilitated trillions of dollars in cumulative transaction volume.<\/p>\n
The new Consensys keeps the Protocols Group, including the Linea Layer-2 network, the Besu execution client, and Teku, along with its tokenization and stablecoin work for banks and asset managers.<\/p>\n
Joe Lubin, who co-founded Consensys, will step in full-time as Chairman and Chief Executive Officer of MetaMask while serving as Executive Chairman of Consensys. Mike Kriak will run Consensys as Chief Executive Officer, with David Cunningham as President.<\/p>\n
“MetaMask grew out of that work into the world’s most widely used self-custodial wallet, and today it’s becoming something larger: a platform where people don’t just hold their assets, but manage their money in its many diverse forms and aspects. Stepping into this role full-time is a recognition that consumer finance deserves the same focus and ambition that we’ve brought to building Ethereum itself,” Lubin noted<\/a>.<\/p>\n The independent company will stay Ethereum-first while building out Money Account, a self-custodial account that combines automated earning, instant spending and one-click trading in a single balance.<\/p>\n The push follows<\/a> MetaMask’s launch of its own dollar stablecoin, mUSD, issued through Stripe-owned Bridge, part of a move into everyday payments that includes a Mastercard-linked card. Lubin has also confirmed<\/a> MetaMask will issue its own token, with a DAO planned to fund the wallet’s growth.<\/p>\n Consensys will focus on the infrastructure banks and market operators use to move tokenized assets on-chain. Its Besu client already underpins permissioned EVM networks in traditional finance, and the firm set up the Swiss-based Linea Association to decentralize<\/a> the Linea zkEVM network, which launched the LINEA token for governance.<\/p>\n “Financial institutions and market infrastructure are moving to always-on operations with tokenization at the core,” said David Cunningham, President of Consensys. “Consensys Software Inc. has built the open-source technology that is the foundation of this transition.”<\/p>\n<\/blockquote>\n Citi’s June 2026 “Tokenization 2030” report, cited in the announcement, estimated that tokenized assets could reach $5.5 trillion to $8.2 trillion by 2030. Lubin said the two companies “will keep building the same ecosystem, just with the focus each market now demands.”<\/p>\n The post Consensys and MetaMask to Separate Into Two Independent Companies by End of 2026<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n\nConsensys Keeps the Institutional Stack<\/h2>\n
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