Consensys just dropped the news that it’s splitting into two separate companies by the end of 2026. MetaMask is going full consumer self-custodial finance while the other Consensys focuses on Ethereum protocols and institutional stuff.
MetaMask Shifting Into Consumer Finance Vibes 🖤
This reorganization ends that one company setup after over a decade. MetaMask gets the self-custodial wallet with over 100 million downloads in roughly 190 countries and trillions in transaction volume. It’s turning into more than a wallet tho like a spot where people manage all their money forms. Joe Lubin is stepping in full-time as Chairman and CEO of MetaMask plus Executive Chairman of Consensys. Mike Kriak takes over as CEO of Consensys with David Cunningham as President.
Consensys Holding Onto The Institutional Stack 🌙
The new Consensys keeps the Protocols Group including Linea Layer-2, Besu client, Teku plus tokenization work for banks. MetaMask stays Ethereum-first while building Money Account for automated earning, instant spending and one-click trading all in one balance. It follows their launch of mUSD stablecoin through Stripe’s Bridge and a Mastercard card too. Lubin confirmed a MetaMask token and DAO plans ahead. Financial institutions are moving to on-chain tokenized assets. The Besu client already supports permissioned EVM networks and Linea is decentralizing with its new LINEA token. Citi’s report estimates tokenized assets hitting 5.5 trillion to 8.2 trillion by 2030. Lubin noted the two companies will keep building the same ecosystem but with focused vibes each side needs ✨.
Just another echo from the void by iconofsin.eth 💖
