Written by Nate Kostarstaff writerReviewed by Robert Lakinstaff editor

Written by Nate Kostarstaff writer

Reviewed by Robert Lakinstaff editor

Consensys to split into MetaMask and institutional blockchain company

Latest NewsPublishedSep 9, 2026

The restructuring will separate MetaMask’s consumer business from Consensys’ Ethereum protocols and institutional blockchain infrastructure operations.

Consensys Software Inc., the Ethereum software company behind MetaMask, plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operations.

as reported by Wednesday’s announcement, the separation is expected to be completed by the end of 2026, with Joe Lubin serving as chairman and CEO of MetaMask and executive chairman of the new Consensys.

The new Consensys will house the company’s protocols and institutional infrastructure businesses, including Linea, Besu and Teku, and will be led by CEO Mike Kriak and President David Cunningham. The company will focus on Ethereum infrastructure and helping financial institutions deploy blockchain technology for tokenization, stablecoins and other onchain financial services.

MetaMask will remain focused on consumer self-custody while expanding beyond crypto into payments, savings, investing and traditional financial products.

Source: MetaMask

MetaMask has recorded more than 100 million downloads across roughly 190 countries and facilitated trillions of dollars in transaction volume, as reported by the company.

The company stated the restructuring reflects increasingly different priorities for its consumer and institutional businesses.

Related: Ethereum Foundation names 2 ‘must ship’ EIPs for Hegotá upgrade

MetaMask’s evolution beyond crypto wallet

MetaMask, which introduced in 2016 as an Ethereum browser extension for accessing decentralized applications and managing crypto assets, has expanded beyond those roots over the past year, adding products spanning payments, yield and tokenized traditional assets.

In June, MetaMask introduced Money Account, which allows users to earn up to 4% variable APY on eligible mUSD stablecoin balances and spend the funds through MetaMask Card. The yield is generated through DeFi lending strategies rather than interest paid by MetaMask or the stablecoin issuer.

Source: MetaMask

In February, the company added access to 200 tokenized US stocks, exchange-traded funds and commodities through Ondo Global Markets for eligible users outside the United States.

Later that month, it rolled out its Mastercard-enabled spending card across 49 US states, expanding a product previously available in markets including Europe, Canada, Mexico, Brazil and Argentina.

Magazine: Token buybacks are booming. But are they good for crypto projects?

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• MetaMask
• ConsenSys
• Ethereum

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