Consensys Splits Into MetaMask and Institutional Blockchain Firm
Consensys has spent more than a decade building across the Ethereum stack, from the MetaMask self-custody wallet to protocols and institutional blockchain infrastructure. MetaMask has become its largest consumer gateway, with more than 100 million users worldwide, while products such as Linea, Besu and Teku serve developers and financial institutions. Separating the businesses reflects their diverging customers and growth paths, giving the consumer platform and enterprise-focused infrastructure operation distinct management and strategic priorities.
On Sept. 9, 2026, Consensys said Consensys Software Inc. would be renamed MetaMask and led by Ethereum co-founder Joe Lubin as chairman and chief executive. Linea and the protocols and institutional infrastructure units will move into a newly formed company retaining the Consensys name, with Mike Kriak as CEO and Lubin as executive chairman. The split is expected to be completed by the end of 2026. The company said MetaMask users need take no action and that the app, assets, private keys and security model will remain unchanged.
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The history behind this eventEthereum Developer Consensys Delays Potential IPO Until Fall
Consensys is a major application developer in the Ethereum ecosystem, and its MetaMask product is a widely used crypto wallet. The company has worked with JPMorgan and Goldman Sachs and was valued at $7 billion in 2022. Its listing plans are seen as an important gauge of the crypto industry's entry into U.S. capital markets.
Consensys has delayed plans for a potential U.S. initial public offering, with a listing now expected no earlier than fall 2026. The change comes as a wave of crypto company listings encounters market volatility. As of July 2026, Consensys had not announced a firm listing date, fundraising target or intended exchange.
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