Consensys Software Inc. is preparing to divide into two independently operated companies so that consumer and institutional digital finance can each receive dedicated leadership, capital, and operating models.
The existing legal entity will keep running but will adopt the MetaMask name and concentrate on self-custodial consumer products, with Joe Lubin serving as chairman and chief executive.
The protocols group and the institutional blockchain infrastructure business, including Linea and a wider set of enterprise Ethereum tools, will move into a newly formed company that continues to use the Consensys name.
That new firm will be led by Mike Kriak as chief executive and David Cunningham as president, with Lubin taking an executive chairman role.
The two organizations are expected to operate separately once the reorganization is completed by the end of 2026.
The split is presented as a response to two markets that have matured at different speeds after more than a decade of shared work. On the consumer side, self-custody has moved beyond early-adopter experiments and into mainstream financial behavior.
MetaMask recently launched Money Account, a self-custodial product that combines automated yield, instant spending, and one-click trading inside a single stablecoin balance.
Company figures put downloads above 100 million across roughly 190 countries, with trillions of dollars in cumulative transaction volume processed through the platform.
MetaMask will remain an Ethereum-first product while also giving users access to other high-quality networks and, over time, to instruments from traditional finance.
The stated goal is to build an open money platform where people can hold, spend, save, and grow assets without handing custody to a third party.
Institutional demand has followed a parallel path from pilots to production.
Banks, asset managers, payment firms, and market infrastructure operators are now implementing tokenization, stablecoins, and programmable settlement rather than merely testing them.
A June 2026 Citi report titled Tokenization 2030 estimated that tokenized assets could reach between 5.5 trillion and 8.2 trillion dollars by 2030.
Separating the businesses is intended to give each side the focused management and investment strategy needed to pursue that scale.
Lubin said the teams that became Consensys Software Inc. spent more than ten years helping construct the foundations of the Ethereum ecosystem, from the protocol itself to the tools that made self-custodial finance and sovereign networks possible.
MetaMask grew out of that work into the most widely used self-custodial wallet and is now becoming a broader platform for managing money in many forms.
He described taking the consumer role full time as recognition that everyday finance deserves the same intensity once applied to Ethereum.
The new Consensys, he added, will remain a protocols company.
Kriak, Cunningham, and the team transferring with them will apply Ethereum, Hyperledger Besu, and Linea experience higher in the stack so financial institutions and other enterprises can coordinate in an always-on, onchain environment.
The two companies will keep building the same ecosystem, he said, but with the focus each market now requires.
Cunningham said financial institutions and market infrastructure are moving toward continuous operations with tokenization at the center.
Consensys Software Inc. built much of the open-source technology underlying that shift.
The new company, he said, will deliver the interoperability infrastructure that large marketplaces need, with the privacy, resilience, and scale those venues demand.
MetaMask is positioning the next chapter around a single place for payments, savings, investing, and digital assets.
The recent tenth anniversary of the wallet is treated as the start of that expansion rather than a conclusion.
Money Account is described as an early illustration of the move from trading tools into everyday financial utility.
The company will continue to emphasize user control and a pan-ecosystem approach rather than locking users to one chain.
The new Consensys will keep developing Ethereum and Linea protocols and will remain steward and maintainer of Besu, the execution-layer client that underpins many permissioned EVM networks used by traditional finance.
It will also expand into helping institutions deploy blockchain infrastructure and participate in tokenized markets.
The firm draws on more than a decade of enterprise work, including contributions to Ethereum itself and widely used components such as Linea, Besu, and Teku.
Leadership presents that combination of Layer 1 and Layer 2 experience as the basis for always-on, private, and compliant systems that systemically important institutions can run.
Both companies will still contribute to the Ethereum ecosystem, but they will no longer share a single operating model.
MetaMask will concentrate on putting individuals in charge of their financial lives across crypto and traditional assets.
Consensys will concentrate on the infrastructure that lets large institutions join that same onchain world. The reorganization is framed as a way to match structure to opportunity now that consumer self-custody and institutional tokenization have each become large enough to justify independent companies.