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      Consensys Software Inc. Divides Into Two Entities, Rebrands as MetaMask

      Consensys Software Inc. has announced a significant restructuring, splitting into two distinct companies. The existing entity will be rebranded as MetaMask, focusing on consumer products and the widely used Ethereum wallet. Co-founder Joe Lubin will serve as chairman and chief executive of MetaMask, which will continue to develop its wallet and related services, including a self-custodial product that offers automated yield and card spending.

      The newly formed company, retaining the name Consensys, will oversee the Protocols Group and institutional blockchain infrastructure, including the Linea layer 2 solution. Mike Kriak has been appointed as chief executive of Consensys, with David Cunningham as president and Declan Fox as chief product officer. This separation marks the first time since the company's founding in 2014 that the wallet and protocol development operations will function independently.

      MetaMask has achieved over 100 million downloads globally, while the institutional side aims to capitalize on the growing trend of tokenization in financial markets. A recent report from Citi estimates that tokenized assets could reach between $5.5 trillion and $8.2 trillion by 2030. The completion of this corporate separation is anticipated by the end of 2026, with no action required from users of the MetaMask wallet.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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