Consensys announced it will split into two independent companies by the end of 2026: MetaMask for consumer self-custodial finance, and Consensys for Ethereum protocols and institutional infrastructure. MetaMask, which has surpassed 100 million downloads across nearly 190 countries and facilitated trillions of dollars in cumulative transaction volume, will develop a self-custodial Money Account combining automated earning, instant spending and one-click trading. Joe Lubin, Consensys cofounder, will serve full-time as Chairman and CEO of MetaMask while remaining Executive Chairman of Consensys, where Mike Kriak will be CEO. MetaMask will issue its own token with a dedicated DAO, having already launched the dollar stablecoin mUSD through Stripe-owned Bridge and a Mastercard-linked card. Consensys keeps the Linea Layer-2 network, Besu execution client and Teku, targeting tokenized assets Citi estimates could reach $5.5 trillion to $8.2 trillion by 2030.
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