MetaMask becomes standalone company under Joe Lubin

Consensys Software Inc. announced on Sept. 9 that it plans to divide its consumer and institutional operations into two independently operated companies. Summary Consensys Software will rebrand as MetaMask while transferring protocol and institutional operations into new Consensys. Joe Lubin will lead MetaMask and serve as executive chairman of the new Consensys company. Mike Kriak becomes Consensys chief executive, with David Cunningham serving as president after the separation. Linea, Besu and Teku will remain within Consensys alongside its institutional blockchain infrastructure businesses. Both companies will operate independently, with completion of the corporate separation expected by year-end 2026. The existing legal entity will rebrand as MetaMask, while a newly formed company will carry the Consensys name and control the group’s protocol and institutional infrastructure businesses. Joe Lubin will serve as MetaMask’s chairman and chief executive. He will also become executive chairman of the new Consensys. Mike Kriak will lead Consensys as chief executive, alongside President David Cunningham and Chief Product Officer Declan Fox. The company expects to complete the separation by the end of 2026. Today, Consensys Software Inc. (CSI) is becoming two independent companies. CSI will continue as the same company and rebrand as MetaMask, operating the MetaMask platform and its consumer-facing products, with Joe Lubin as Chairman and CEO. CSI’s Protocols Group and… — Consensys.eth (@Consensys) September 9, 2026 You might also like: MetaMask unveils AI wallet with $10K loss protection MetaMask will focus on consumer finance The existing Consensys Software entity will retain the MetaMask platform and related consumer products. MetaMask will continue supporting Ethereum and other blockchain networks while expanding into payments, savings, trading and access to traditional financial instruments. The company said MetaMask has recorded more than 100 million downloads across approximately 190 countries and facilitated trillions of dollars in cumulative transaction volume. Those figures are company disclosures and do not show current active users, revenue or assets held through the wallet. MetaMask recently introduced Money Account, a self-custodial product combining stablecoin balances, automated earning, trading and spending. The product reflects MetaMask’s plan to move beyond wallet and token-swap services into a wider consumer financial platform. The separation gives MetaMask dedicated management as self-custody becomes part of broader financial services. However, Consensys did not disclose separate revenue, valuation, staffing or financing information for MetaMask. Consensys will retain Linea and Ethereum protocols The newly formed Consensys will receive the Protocols Group and institutional blockchain infrastructure business. Its portfolio will include Linea, the Besu Ethereum execution client and Teku, an Ethereum consensus client used by validators and infrastructure providers. Consensys said the company will focus on tokenization, stablecoins, programmable settlement and private blockchain infrastructure for financial institutions. It will also continue contributing to Ethereum and Ethereum-related protocols while developing applications for institutional clients.