Consensys Software Splits Into MetaMask and New Consensys Entity
Consensys Software Inc., the parent company of Ethereum-related tools, has announced a corporate restructuring that splits its operations into two separate entities. The existing legal entity will rebrand as MetaMask to focus on consumer-facing products like its popular cryptocurrency wallet. A new company under the Consensys name will take over protocol development and institutional infrastructure projects such as Linea, Besu, and Teku. The leadership structure has also changed: Joe Lubin remains involved in both companies but now serves as Chairman and CEO of MetaMask and Executive Chairman at the new Consensys. Mike Kriak is appointed CEO of the new Consensys while David Cunningham becomes President there. The split aims to allow each entity greater focus on its core mission—MetaMask will expand into financial services like its recent Money Account, whereas the rebranded Consensys can pursue institutional tokenization opportunities independently. The transition does not affect MetaMask users' holdings or access; no action is required from them. The full legal separation of both entities is expected to be completed by the end of 2026.
Topics: Consensys Software Inc. Ethereum protocols Institutional infrastructure MetaMask