Consensys Software Inc. is splitting into two companies that will operate independently. The existing legal entity will operate exclusively under the MetaMask brand to manage mass-consumer products, while a new company will take on the name Consensys to lead protocol development and institutional infrastructure such as Linea, Besu, and Teku. As part of the leadership restructuring, Joe Lubin, co-founder of Ethereum, will take on the role of Chairman and CEO of MetaMask, while simultaneously maintaining executive chairmanship of the revamped institutional firm.
This corporate split aims to eliminate internal resource competition between the retail ecosystem and institutional development. Following the recent rollout of Money Account, MetaMask is focusing its roadmap on becoming a comprehensive alternative to traditional banking through open financial tools. In parallel, the new Consensys will concentrate its efforts on large-scale tokenization for financial institutions and the scalability of the Ethereum network without interference from the consumer roadmap.
Consensys Software Inc. confirmed that digital wallet accounts, funds, and regular operations will not be affected, so users will not need to perform any technical migration or special update. The formal legal separation process is expected to conclude in late 2026.
Source: https://metamask.io/news/metamask-next-chapter?ref=bankless.ghost.io
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