JPMorgan

Linea

Mike

Ethereum

<h2 id="consensys-software-to-rebrand-as-metamask">Consensys Software to Rebrand as MetaMask</h2>
<p>Consensys Software Inc. is separating into two independently operated companies, drawing a clear line between its consumer-facing wallet business and its Ethereum protocol and institutional infrastructure operations. <cite>The split divides the consumer-facing MetaMask business from its Ethereum infrastructure and institutional businesses.</cite></p>
<p><cite>The existing company, Consensys Software Inc., will rebrand as MetaMask under Ethereum co-founder Joe Lubin (<a href="https://x.com/ethereumJoseph" rel="noopener noreferrer nofollow">@ethereumJoseph</a>) as chairman and CEO.</cite><cite>The new MetaMask will focus on self-custodial consumer finance, expanding beyond its wallet roots into payments, savings and investing.</cite><cite>MetaMask has more than 100 million downloads across roughly 190 countries and has facilitated trillions of dollars in cumulative transaction volume.</cite></p>
<p><cite>MetaMask confirmed that holdings, login credentials, and the app itself are not affected, and no migrations or actions are needed by users.</cite></p>
<h2 id="new-consensys-to-focus-on-institutional-infrastructure">New Consensys to Focus on Institutional Infrastructure</h2>
<p><cite>The protocols group and institutional infrastructure business, including the Linea blockchain, will move into a newly formed company retaining the <a href="https://x.com/Consensys" rel="noopener noreferrer nofollow">@Consensys</a> name.</cite><cite>The new Consensys will be led by CEO Mike Kriak (<a href="https://x.com/mkriak" rel="noopener noreferrer nofollow">@mkriak</a>) and President David Cunningham, with Lubin serving as executive chairman.</cite></p>
<p><cite>The company will develop Ethereum infrastructure and help financial institutions deploy blockchain systems for tokenized assets, stablecoins and settlement.</cite><cite>The split reflects growing institutional demand for tokenization, stablecoins and blockchain infrastructure as financial firms move from pilots to production deployments.</cite> Supporting that view, <cite>a June 2026 Citi report cited by the company estimates tokenized assets could reach $5.5 trillion to $8.2 trillion by 2030.</cite></p>
<p><cite>The restructuring comes after Consensys pushed back a potential U.S. initial public offering (IPO) until this fall at the earliest, citing poor market conditions. The company had reportedly engaged JPMorgan and Goldman Sachs to lead the process.</cite><cite>The company remained silent on its previously delayed IPO and did not clarify which new entity might go public.</cite><cite>The full legal separation is expected to close by the end of 2026.</cite></p>
<p><strong>Sources:</strong><br><a href="https://www.theblock.co/news/business/2026-09-09-consensys-splits-metamask-institutional-ethereum-infrastructure-businesses-414022" rel="noopener noreferrer nofollow">The Block: Consensys splits MetaMask from institutional and Ethereum infrastructure businesses</a><br><a href="https://www.coindesk.com/business/2026/09/09/consensys-to-split-metamask-into-its-own-firm-while-staying-silent-on-ipo" rel="noopener noreferrer nofollow">CoinDesk: Consensys to split MetaMask into its own firm while staying silent on IPO</a><br><a href="https://decrypt.co/377768/consensys-split-metamask-new-institutional-crypto-company" rel="noopener noreferrer nofollow">Decrypt: Consensys Is Splitting in Two as MetaMask Goes Its Own Way</a></p>

Consensys splits MetaMask and institutional businesses into two companies

Table of Contents

BSCN

Other articles published on Sep 9, 2026

Join our free newsletter for daily crypto updates!