Consensys has announced a major split separating its consumer wallet business from institutional infrastructure operations. The move will create two independent companies targeting different phases of adoption. MetaMask will lead consumer finance, while Consensys will focus on Ethereum infrastructure.
MetaMask targets everyday finance
MetaMask will become the new identity of Consensys Software Inc., with Joe Lubin serving as chairman and CEO. The company will expand beyond wallet services into finance. Its Money Account combines stablecoin spending, trading, and yield features.
Moreover, MetaMask plans to connect users with traditional financial products while keeping its Ethereum focus. The platform has surpassed 100 million downloads across 190 countries. Consequently, its reach could support financial services.
Consensys sharpens institutional focus
The new Consensys will retain Linea and develop Ethereum infrastructure, including Besu and Teku. Mike Kriak will serve as CEO, while David Cunningham becomes president. Lubin will remain involved as executive chairman.
Additionally, the company will target institutions embracing tokenization. Citi expects tokenized assets could reach $5.5 trillion to $8.2 trillion by 2030.
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