The developer of the crypto wallet MetaMask, ConsenSys Software Inc., will split its consumer and institutional divisions into two independently managed companies. The process is expected to be completed by the end of 2026.
Today, Consensys Software Inc. (CSI) is becoming two independent companies.
CSI will continue as the same company and rebrand as MetaMask, operating the MetaMask platform and its consumer-facing products, with Joe Lubin as Chairman and CEO.
CSI’s Protocols Group and…
— Consensys.eth (@Consensys) September 9, 2026
The current ConsenSys Software will be renamed MetaMask. The protocol division and infrastructure business for financial organizations will be spun off into a new entity named ConsenSys.
The management explained the decision by citing divergent trends. Private users are increasingly integrating wallets into everyday financial operations, while institutions are moving from pilot projects to real blockchain applications. Each division now requires its own team and separate funding strategy.
“The companies will continue to operate within the same ecosystem, but now each will focus on its own market with the level of engagement it specifically needs,” said the Ethereum co-founder and CEO of ConsenSys.
MetaMask’s Focus
Joe Lubin will become the Chairman and CEO of MetaMask. The company will continue to develop the wallet and other consumer products.
Ethereum will remain the priority ecosystem, but MetaMask will maintain support for other blockchains and expand access to traditional financial market tools.
Developers aim to integrate payments, savings, and investments on a single platform with self-custody of assets. One step in this direction is the launch of Money Account, which combines yield earning, payment processing, and trading using a single balance.
The New ConsenSys
The new ConsenSys will be led by Mike Kriak, CEO of the ConsenSys Mesh incubator, with David Cunningham, head of the global institutional business, as president. Lubin will serve as executive chairman of the board.
The company will inherit teams and technologies related to the L2 network Linea and Ethereum clients Besu and Teku, which are programs for blockchain node operations.
ConsenSys will continue to participate in the development of the second-largest cryptocurrency network by market capitalization and create infrastructure for banks, asset managers, payment organizations, and other corporate clients.
Areas of focus include tokenization, stablecoins, and programmable settlements. According to Cunningham, the company will concentrate on ensuring financial platforms interact while meeting their privacy, resilience, and scalability requirements.
Earlier, in May, it was reported that ConsenSys would go public on a U.S. stock exchange this fall.
