CONSENSYS SOFTWARE Inc. the Ethereum infrastructure company behind MetaMask, is dividing into two independent entities—one focused on consumer self-custody and payments, the other on institutional blockchain infrastructure.
The split separates MetaMask's 100-million-user consumer wallet from Consensys' core protocol and infrastructure businesses, with completion expected by end of 2026. Joe Lubin will chair and lead MetaMask; Mike Kriak will head the newly formed Consensys, with David Cunningham as president.
MetaMask is aggressively broadening beyond core wallet functionality. The platform now integrates payments, savings, and traditional asset access—positioning itself as a retail gateway to on-chain finance rather than a pure crypto wallet.
In June, MetaMask launched Money Account, offering up to 4 percent variable APY on mUSD stablecoin balances with spending capability through the MetaMask Card. The yield derives from decentralized finance lending strategies.
In February, MetaMask integrated access to 200 tokenized U.S. stocks, ETFs, and commodities through Ondo Global Markets for non-U.S. users. The same month, it rolled out Mastercard-enabled spending across 49 U.S. states, expanding international availability already in Europe, Canada, Mexico, Brazil, and Argentina.
Since launch in 2016 as an Ethereum browser extension, MetaMask has processed trillions in transaction volume across 190 countries. The separation lets MetaMask accelerate consumer product velocity while Consensys concentrates on infrastructure—Linea, Besu, Teku—and institutional deployment of blockchain for tokenization and financial services.
