Consensys Is Splitting in Two as MetaMask Goes Its Own Way
Consensys is splitting into two independent companies by the end of 2026. The existing company will rebrand as MetaMask and focus on consumer finance products, led by Joe Lubin as chairman and CEO. A new Consensys will handle Ethereum protocols and institutional blockchain infrastructure, led by Mike Kriak as CEO and David Cunningham as president, with Lubin as executive chairman. MetaMask has grown into a major self-custodial wallet with over 100 million downloads across about 190 countries and trillions in cumulative transaction volume. It has expanded beyond crypto storage and trading into features like Money Account, stablecoin yield, payments, and trading, while also adding Bitcoin and Solana support and launching the mUSD stablecoin. The new Consensys will continue developing Linea, Besu, and Teku, and will target banks, asset managers, payment providers, and other institutional users.
