Consensys to split into MetaMask and institutional blockchain company
Consensys plans to split into two independent companies by the end of 2026, separating MetaMask’s consumer business from its institutional blockchain infrastructure unit. Joe Lubin will serve as chairman and CEO of MetaMask and executive chairman of the new Consensys. The new Consensys will focus on Ethereum infrastructure and institutional products, including Linea, Besu and Teku, with Mike Kriak as CEO and David Cunningham as president. It aims to help financial institutions use blockchain for tokenization, stablecoins and other onchain financial services. MetaMask will stay centered on consumer self-custody while expanding into payments, savings, investing and traditional financial products. The company says the businesses now have increasingly different priorities. MetaMask has surpassed 100 million downloads across about 190 countries and has handled trillions in transaction volume.
