Home›Crypto›Market Structure›Consensys plans two-way split, carving out MetaMask as…

Consensys plans two-way split, carving out MetaMask as standalone business

The MetaMask entity is expected to operate independently from Consensys protocols, with the overall separation targeted for completion by the end of 2026.

Reported · Written up by our desk · Market Structure

CoinDesk reports Consensys plans to split into two independently operated companies by late 2026, separating its MetaMask wallet business from its Ethereum and institutional blockchain infrastructure work.

In the restructuring, the existing entity, Consensys Software Inc., will rebrand as MetaMask, with Ethereum co-founder Joe Lubin named chairman and CEO. Meanwhile, the protocols group and institutional infrastructure business, including the Linea blockchain, will move into a newly formed company that keeps the Consensys name.

According to CoinDesk, Mike Kriak is expected to lead the new Consensys as CEO, while David Cunningham will serve as president and Lubin will remain executive chairman. The protocols-focused firm will develop Ethereum infrastructure and support financial institutions building blockchain systems for tokenized assets, stablecoins, and settlement.

The announcement did not provide clarity on Consensys' previously delayed U.S. IPO plans, nor which of the two entities might seek a listing. CoinDesk adds that MetaMask has surpassed 100 million downloads and is expanding beyond wallet features, including payments, savings, and investing via its Money Account built around the company’s mUSD stablecoin.

Latest closeEthereum $2,488.03 ▲0.1%

More like this

Sources