MetaMask and Consensys Prepare to Become Two Companies

Consensys Software Inc. has announced plans to separate its consumer and institutional operations into two independently operated companies.

The existing company will rebrand as MetaMask and retain the consumer platform and self-custodial products under Joe Lubin. A newly formed company carrying the Consensys name will hold the protocols group and institutional infrastructure, including Linea, Besu and Teku.

The split gives the two businesses distinct leadership and operating priorities: consumer finance for MetaMask, and Ethereum protocol and enterprise infrastructure for Consensys.

The separation is a plan, not a completed transaction. Consensys expects completion by the end of 2026, leaving execution, asset allocation and operating independence to be demonstrated.

The next evidence is legal completion, final governance, financial separation and whether each company can execute without weakening shared Ethereum infrastructure.

Sources and disclosures

Primary source: Consensys press release, September 9, 2026. Timing and structure remain company plans.

Update note

Observed September 10, 2026 BRT. The separation is expected, not completed.