ChainCatcher report, according to The Block, Ethereum infrastructure company Consensys Software Inc. has announced its split into two independently operated companies, separating its consumer-facing MetaMask business from its institutional and infrastructure operations, with completion expected this year. The existing entity will be renamed MetaMask, with Joe Lubin serving as Chairman and CEO, expanding its focus from a wallet to self-custody consumer financial services including payments, savings, and investments. The company states that MetaMask has been downloaded over 100 million times, serving approximately 190 countries, with cumulative transaction volumes reaching trillions of dollars. Meanwhile, the former company’s protocol business unit will form a new company retaining the name “Consensys,” focusing on Ethereum and institutional-grade blockchain infrastructure—including the Linea network and the Besu and Teku clients—with Mike Kriak as CEO and David Cunningham as President; Lubin will serve as Executive Chairman. The company stated that this split reflects the transition of institutional demand for tokenization, stablecoins, and blockchain infrastructure from pilot projects to large-scale deployment.
ConsenSys to Split into Two Independent Companies: MetaMask and Institutional Business
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Summary
Ethereum news broke as ConsenSys Software Inc. announced a split into two independent entities: MetaMask and a new company operating under the ConsenSys name. The consumer-focused MetaMask, led by Joe Lubin, will expand into self-custody financial services. Institutional adoption is a key driver, with the new ConsenSys entity concentrating on Ethereum infrastructure, including Linea and Besu. The transition is expected to be completed by year-end. MetaMask has surpassed 100 million downloads and processed tens of trillions in transaction volume. Mike Kriak and David Cunningham will lead the infrastructure company, with Lubin serving as executive chairman.
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