Digital Finance & Tokenization
Consensys to spin off MetaMask as independent company, expected to complete by end of 2026
Consensys Software Inc., the Ethereum software company behind MetaMask, announced plans to split into two independent companies, separating its consumer business from its institutional blockchain infrastructure operating unit. According to the announcement on Wednesday, the spin-off is expected to be completed by the end of 2026. Joe Lubin will serve as president and CEO of MetaMask and as executive chairman of the new Consensys, which will be the new home for its protocols and institutional infrastructure businesses, including Linea, Besu and Teku, with Mike Kriak as CEO and David Cunningham as president. MetaMask will continue to focus on consumer self-custody of assets while expanding beyond crypto into payments, savings, investing and traditional financial products. The company said MetaMask has more than 100 million downloads across roughly 190 countries and intermediates transactions worth trillions of dollars. The restructuring reflects increasingly different priorities between the consumer and institutional businesses.