Consensys plans to split into two companies: MetaMask, with Joe Lubin as CEO, and a new Consensys focused on Ethereum and institutional infrastructure (Jason Shubnell/The Block)

Consensys Software Inc. is splitting into two independent companies. One will be called MetaMask, led by Joe Lubin as chairman and CEO, focusing on consumer self-custody and expanding into payments, savings, investing, and traditional financial products.

The other company will retain the Consensys name, focusing on Ethereum protocols and institutional blockchain infrastructure operations. It will be led by CEO Mike Kriak and President David Cunningham, according to Cointelegraph. This new Consensys will house the company's protocols and institutional infrastructure businesses, including Linea, Besu, and Teku.

The separation is expected to be completed by the end of 2026, as reported by The Block and Cointelegraph. MetaMask has recorded over 100 million downloads across roughly 190 countries and facilitated trillions of dollars in transaction volume.

Brief written by urgent.news from Techmeme, Cointelegraph, CoinDesk, The Block, Fortune — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.