Consensys Software Inc. Splits In Two, Rebrands As MetaMask
Consensys Software program Inc. is separating into two firms, the agency mentioned Wednesday.
The present company entity will proceed and rebrand as MetaMask, operating the pockets and its client merchandise underneath co-founder Joe Lubin as chairman and chief government. Its Protocols Group and institutional blockchain infrastructure enterprise, together with the Linea layer 2, turns into a newly shaped firm named Consensys.
The cut up separates Ethereum’s most generally used pockets from certainly one of its largest protocol growth retailers for the primary time since Lubin based the corporate in 2014. Either side will get its personal chief government, board and capital allocation: a client enterprise now promoting stablecoin yield and card spending, and an enterprise enterprise promoting tokenization infrastructure to banks.
Who Runs What
Mike Kriak turns into chief government of the brand new Consensys, with David Cunningham as president and Declan Fox as chief product officer, in accordance with the corporate’s publish on X. Lubin will likely be government chairman. That entity retains Linea, the Besu Ethereum execution consumer utilized in permissioned enterprise networks, the Teku consensus consumer and Consensys’ Ethereum protocol work. The announcement doesn’t say which firm takes Infura, whose web site now manufacturers it as a part of MetaMask Developer.
MetaMask retains the pockets and the Cash Account, the self-custodial product combining automated yield, card spending and swaps that launched on June 30 paying as much as 4% on stablecoin balances. The corporate says the pockets has handed 100 million downloads throughout roughly 190 nations. Completion of the separation is anticipated by the tip of 2026, and customers have to take no motion.
“Moving into this function full-time is a recognition that client finance deserves the identical focus and ambition that we have delivered to constructing Ethereum itself,” Lubin mentioned within the announcement.
The Institutional Pitch
Cunningham framed the institutional aspect round settlement plumbing. “Monetary establishments and market infrastructure are shifting to always-on operations with tokenization on the core,” he mentioned. The discharge cited a June 2026 Citi report estimating tokenized property may attain $5.5 trillion to $8.2 trillion by 2030.
Linea’s personal numbers are smaller. The community holds $29 million in DeFi deposits, DefiLlama knowledge present, towards $38.1 million in stablecoins issued on it. LINEA trades at $0.002664, down 2.2% over 24 hours and 94% under its September 2025 all-time excessive, in accordance with CoinGecko, for a market capitalization of $65.3 million. One other 960 million tokens unlock on Sept. 10.
The token launched at roughly a $500 million market capitalization a yr in the past, and Lubin teased additional rewards for holders after it halved inside weeks.
The $MASK Query
Neither the press launch nor Lubin’s accompanying weblog publish mentions a MetaMask token. Lubin confirmed on The Block’s podcast in September 2025 {that a} $MASK token was coming, and tied it to “the decentralization of sure elements of the MetaMask platform.” The corporate registered a declare.metamask.io area in October 2025 and has not shipped a token since.
The announcement can be silent on the preliminary public providing the corporate has been getting ready. Axios reported in October 2025 that Consensys had employed JPMorgan and Goldman Sachs to advise on a list. Which of the 2 entities carries that course of ahead is unspoken.
