Consensys to Separate into MetaMask and Institutional Blockchain Company
- Consensys Software Inc. plans to split into two independent companies by the end of 2026.
- Joe Lubin will serve as chairman and CEO of MetaMask, while Mike Kriak will lead the new Consensys.
- MetaMask has over 100 million downloads and has facilitated trillions in transaction volume.
- The new Consensys will focus on Ethereum infrastructure and services for financial institutions.
- MetaMask is expanding its offerings to include payments, savings, investing, and traditional financial products.
This restructuring reflects the distinct priorities of Consensys’ consumer and institutional operations, with MetaMask evolving beyond a crypto wallet to include various financial services.
With over 100 million downloads, MetaMask aims to enhance its consumer offerings while the new Consensys focuses on blockchain solutions for enterprises.
