Consensys to split into MetaMask and institutional blockchain firm
Consensys announces corporate split
Consensys Software Inc. will separate its consumer wallet business from its Ethereum protocol and institutional infrastructure operations. The two new companies will be called MetaMask and Consensys, respectively, and the split is expected to be finished by the end of 2026.
Key facts
- MetaMask will become an independent company focused on self‑custody wallets and expanding into payments, savings, and traditional finance products.
- The new Consensys will handle Ethereum protocols such as Linea, Besu and Teku, and provide blockchain infrastructure for financial institutions.
- Joe Lubin will serve as chairman and CEO of MetaMask and as executive chairman of the new Consensys.
- Mike Kriak will be CEO and David Cunningham President of the institutional side.
- The restructuring reflects different priorities for consumer and institutional businesses.
Official announcement
The plan was detailed in a Business Wire release on September 9, 2026, which outlined the leadership roles and the expected completion date.
What is confirmed
Consensys will split into two independent entities, with MetaMask handling consumer products and the other entity focusing on Ethereum protocols and institutional blockchain services. Leadership assignments and the end‑2026 target date are confirmed by the official announcement.
Unclear details
The announcement does not specify the exact timeline for the transition of existing contracts or any financial terms of the split.
Why the split matters
Separating the consumer wallet from institutional infrastructure allows each business to pursue its own strategy without competing priorities. This could help MetaMask expand into broader financial services while the new Consensys concentrates on providing blockchain solutions for banks and other enterprises.
Next steps
Both companies will operate under their new leadership and aim to complete the legal and operational separation by the end of 2026.
