Consensys announced plans to complete the separation of consumer business from institutional business by the end of 2026. The company disclosed that the existing Consensys Software Inc will be renamed MetaMask, focusing on platform services for individual users; the newly established Consensys will take over Linea, Ethereum protocol development, and blockchain infrastructure services for financial institutions.
The existing company will be renamed MetaMask.
After the split is completed, the two companies will operate independently. MetaMask will have Consensys's co-founder Joe Lubin serve as the chairman and CEO, continuing to advance wallet and consumer financial products. The new Consensys will have Mike Kriak serving as the CEO, David Cunningham as the president, and Joe Lubin as the executive chairman.
This adjustment means that MetaMask will become a separate entity from its parent company's existing system, focusing resources on developing a product line aimed at individual users. The company's statement indicates that MetaMask's focus is no longer limited to cryptocurrency wallets; instead, it has shifted towards asset management, payments, and daily financial usage scenarios.
MetaMask has been continuously expanding its product line in recent years.
MetaMask has continuously expanded its business scope in the past two years, moving from a single wallet tool to services related to trading, payments, and stablecoins.
- In June 2026, MetaMask launched Money Account.
- This feature integrates the earnings, payments, and transactions of stablecoins into a single balance.
- The company previously stated that its goal was to create a user experience that is closer to that of a new type of digital bank.
In addition to changes in product form, MetaMask is also expanding the range of chains and assets it supports. This wallet has previously added support for Solana, and after December 2025, it will also support Bitcoin, allowing users to manage BTC, Ethereum, and other network assets from the same interface.
MetaMask will also launch a mUSD stablecoin in 2025, which will be deployed on Ethereum and layer-2 networks Linea. There are plans to use this token for MetaMask debit card payment scenarios.
New Consensys Focus on Linea and Institutional Infrastructure
The newly established Consensys will continue to develop Linea, and will retain the businesses related to Ethereum infrastructure, including Besu and Teku. The former is an Ethereum execution client commonly used in licensed blockchain networks, while the latter is an Ethereum consensus client.
The company disclosed that the key customers of the new Consensys will include banks, asset management companies, payment service providers, and other financial institutions. In other words, the two separate companies will focus on developing personal finance solutions and institutional-level blockchain infrastructure respectively.
Additional information:As mentioned in the original text, MetaMask has previously joined Solana and supports Bitcoin; Linea will continue to operate within the new Consensys system.
