Consensys Plans to Separate MetaMask Into Independent Company

Consensys Software Inc. announced Wednesday that it plans to split into two independent companies, separating its consumer wallet platform MetaMask from the broader Consensys business.

MetaMask to Operate Independently

Under the proposed structure, MetaMask will become a standalone company focused on consumer-facing wallet services. Consensys will continue operating as a separate business focused on blockchain protocols and infrastructure for institutional clients.

MetaMask is a widely used cryptocurrency wallet that enables users to manage digital assets and interact with decentralized applications across supported blockchain networks.

Lubin to Lead MetaMask

Consensys Executive Chairman Joe Lubin is expected to take the helm of MetaMask as part of the separation. Lubin has been involved in the development of Ethereum-related software and infrastructure for more than a decade.

Lubin said Consensys spent more than 10 years helping build the infrastructure supporting the decentralized technology sector. The company did not provide additional details in the announcement about the timetable, ownership structure or financial terms of the planned split.

Consensys to Focus on Protocols and Infrastructure

Following the separation, Consensys will concentrate on blockchain protocols and institutional infrastructure, while MetaMask will pursue its own product and business strategy as an independent company.