Key Takeaways
Consensys Software Inc. announced on September 9 that it is separating into two independent companies, turning MetaMask into a standalone business.
According to reporting by BlockchainReporter, Consensys Software Inc. announced on September 9 that it is separating into two independent companies. The restructuring turns the MetaMask consumer platform into a standalone business, while placing protocol and institutional infrastructure operations into a newly formed Consensys entity.
The separation began operating immediately, with legal completion expected by the end of 2026. Ethereum co-founder Joseph Lubin will serve as chairman and chief executive of the rebranded MetaMask, while becoming executive chairman of the new Consensys.
The rebranded MetaMask will focus exclusively on its wallet and consumer products, with no changes to user assets, private keys, or developer-facing SDKs, APIs, and tooling. Meanwhile, the new Consensys will retain Linea and enterprise infrastructure work including Besu and Teku. Mike Kriak will lead the new Consensys as chief executive, with David Cunningham serving as president.
Lubin stated the restructuring provides sharper focus for both consumer and institutional operations. Financial terms, ownership allocations, and employee numbers were not disclosed in the announcement.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
