Consensys and MetaMask to Separate Into Two Independent Companies by End of 2026

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 company says has passed 100 million downloads across roughly 190 countries and facilitated trillions of dollars in cumulative transaction volume.

MetaMask Turns to Consumer Finance

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.

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.

… Continue reading the full article at the original source below.