Consensys has announced it will separate into two independent companies, MetaMask for consumer self-custodial finance and Consensys for Ethereum (ETH) protocols and institutional infrastructure, with the split expected to close by the end of 2026.<\/p>\n
The reorganization ends a single-company structure that has held for over a decade. MetaMask takes the self-custodial wallet, which the company says has passed 100 million downloads across roughly 190 countries and facilitated trillions of dollars in cumulative transaction volume.<\/p>\n
The new Consensys keeps the Protocols Group, including the Linea Layer-2 network, the Besu execution client, and Teku, along with its tokenization and stablecoin work for banks and asset managers.<\/p>\n
Joe Lubin, who co-founded Consensys, will step in full-time as Chairman and Chief Executive Officer of MetaMask while serving as Executive Chairman of Consensys. Mike Kriak will run Consensys as Chief Executive Officer, with David Cunningham as President.<\/p>\n
\u201cMetaMask grew out of that work into the world\u2019s most widely used self-custodial wallet, and today it\u2019s becoming something larger: a platform where people don\u2019t just hold their assets, but manage their money in its many diverse forms and aspects. Stepping into this role full-time is a recognition that consumer finance deserves the same focus and ambition that we\u2019ve brought to building Ethereum itself,\u201d Lubin noted<\/a>.<\/p>\n The independent company will stay Ethereum-first while building out Money Account, a self-custodial account that combines automated earning, instant spending and one-click trading in a single balance.<\/p>\n The push follows<\/a> MetaMask\u2019s launch of its own dollar stablecoin, mUSD, issued through Stripe-owned Bridge, part of a move into everyday payments that includes a Mastercard-linked card. Lubin has also confirmed<\/a> MetaMask will issue its own token, with a DAO planned to fund the wallet\u2019s growth.<\/p>\n Consensys will focus on the infrastructure banks and market operators use to move tokenized assets on-chain. Its Besu client already underpins permissioned EVM networks in traditional finance, and the firm set up the Swiss-based Linea Association to decentralize<\/a> the Linea zkEVM network, which launched the LINEA token for governance.<\/p>\n \u201cFinancial institutions and market infrastructure are moving to always-on operations with tokenization at the core,\u201d said David Cunningham, President of Consensys. \u201cConsensys Software Inc. has built the open-source technology that is the foundation of this transition.\u201d<\/p>\n Citi\u2019s June 2026 \u201cTokenization 2030\u201d report, cited in the announcement, estimated that tokenized assets could reach $5.5 trillion to $8.2 trillion by 2030. Lubin said the two companies \u201cwill keep building the same ecosystem, just with the focus each market now demands.\u201d<\/p>\n The post Consensys and MetaMask to Separate Into Two Independent Companies by End of 2026<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Consensys has announced it will separate into two independent companies, MetaMask for consumer self-custodial finance and Consensys for Ethereum (ETH) protocols and institutional infrastructure, with the split expected to close by the end of 2026. The reorganization ends a single-company structure that has held for over a decade. MetaMask takes the self-custodial wallet, which the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225343","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225343"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225343"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225343\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Consensys Keeps the Institutional Stack<\/h2>\n