MetaMask becomes independent as Consensys splits into two companies.
Consensys Software Inc. has just announced that it is split into two independent companies. The current legal entity retains the MetaMask name and the consumer business, while the protocols and institutional side resurface under the Consensys brand.
What’s the scoop?
- The split of the company: The existing CSI entity is being renamed MetaMask, while a completely new company is taking the name Consensys to manage Ethereum protocol work and institutional infrastructure, namely Linea, Besu and Teku.
- New management: Joe Lubin, founder of Consensys, becomes chairman and CEO of MetaMask and executive chairman of the new Consensys, while Mike Kriak steps in as CEO and David Cunningham as president.
- As per usual : MetaMask-confirmed funds, login credentials, and the app itself are unaffected, and no migration or action is required from users. The full legal separation is expected to be finalized by the end of 2026.
- Upcoming work: The recent launch of the MetaMask Money Account clearly shows that the wallet aims to become a complete “Open Money” alternative to bank accounts. Meanwhile, newly independent Consensys can now seize the institutional tokenization opportunity without competing for resources with a consumer roadmap.
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