Consensys splits MetaMask from infrastructure

• Consensys Software Inc. has split its MetaMask consumer business from its Ethereum and institutional infrastructure operations.
• The existing company will become MetaMask, which has surpassed 100 million downloads across roughly 190 countries.
• The new Consensys will focus on Ethereum infrastructure as institutional demand for tokenisation and stablecoins has grown.

Consensys Software Inc. has announced a split into two independently operated companies, separating MetaMask from its institutional and Ethereum infrastructure businesses.

The existing company will become MetaMask under Joe Lubin, while a new Consensys will retain Linea, Besu and Teku and be led by Mike Kriak.

“For over a decade, the Consensys teams and products that ultimately became Consensys Software Inc. helped build the foundations of the Ethereum ecosystem,” said Consensys founder and MetaMask CEO Joe Lubin.

MetaMask has expanded beyond its wallet roots into payments, savings and investing, with more than 100 million downloads across roughly 190 countries and trillions of dollars in cumulative transaction volume.

The separation is expected to become official by the end of 2026, with MetaMask continuing its consumer finance expansion and Consensys targeting institutional blockchain infrastructure.

MetaMask has launched a US Mastercard payment card this year, with rewards paid in mUSD, and has since introduced its Money Account with yields of up to 4% APY.

Consensys has meanwhile positioned Linea for institutional capital, while Citi, DTC and BNY Mellon have used its Besu infrastructure as financial institutions have moved blockchain projects towards production.