ConsenSys Software Inc., the developer behind the MetaMask cryptocurrency wallet, has announced plans to split its consumer and institutional divisions into two independently managed entities by the end of 2026.
Today, Consensys Software Inc. (CSI) is becoming two independent companies.
CSI will continue as the same company and rebrand as MetaMask, operating the MetaMask platform and its consumer-facing products, with Joe Lubin as Chairman and CEO.
CSI’s Protocols Group and…
— Consensys.eth (@Consensys) September 9, 2026
The existing ConsenSys Software will be renamed MetaMask, while the protocols division and the infrastructure business catering to financial institutions will form a new entity named ConsenSys.
The decision was driven by diverging trends, with individual users increasingly integrating wallets into their daily financial activities, while institutional clients are transitioning from pilot projects to real-world blockchain applications. Each segment now requires its own team and distinct funding strategies.
“The companies will continue to operate within the same ecosystem, but each will now focus on its own market—tailored to its specific level of engagement,” noted Joe Lubin, co-founder of Ethereum and CEO of ConsenSys.
Focus Areas for MetaMask
Joe Lubin will serve as both Chairman and CEO of MetaMask, which will continue to develop its wallet and other products aimed at individual users.
Ethereum will remain the primary ecosystem, although MetaMask will also support additional blockchains and enhance access to traditional financial market tools.
The development team aims to unify payments, savings, and investments on a single platform with self-custody of assets. A recent initiative is the launch of Money Account, which combines yield generation, purchase payments, and trading under a single balance.
New ConsenSys Structure
The new ConsenSys will be led by Mike Criak, CEO of the ConsenSys Mesh incubator, while David Cunningham, head of the global institutional business, will take on the role of president. Lubin will become the executive chairman of the board.
Teams and technologies related to the Layer 2 network Linea and Ethereum clients Besu and Teku—software for blockchain node operations—will transition to the new company.
ConsenSys will continue to engage in the development of the second-largest cryptocurrency by market capitalization and create infrastructure for banks, asset managers, payment organizations, and other corporate clients.
Key areas of focus will include tokenization, stablecoins, and programmable payments. According to Cunningham, the firm will concentrate on enabling financial platforms to meet their privacy, resilience, and scalability requirements.
It is also worth noting that ConsenSys is expected to go public on a U.S. stock exchange this fall.