# Consensys Software Splits Into MetaMask and a New Consensys

*Author: Bankless*
*Published: Sep 9, 2026*
*Source: https://www.bankless.com/read/news/consensys-software-splits-into-metamask-and-a-new-consensys*

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Consensys Software Inc. just announced that it's [splitting into two independent companies](https://metamask.io/news/metamask-next-chapter). The current legal entity is keeping the MetaMask name and consumer business, while the protocols and institutional side is resurfacing under the Consensys brand.

## **What's the Scoop?**
- **The corporate split:** CSI's existing entity is rebranding wholesale as MetaMask, while a brand-new company takes on the Consensys name to steward Ethereum protocol work and institutional infra, namely Linea, Besu, and Teku.
- **New leadership:** Joe Lubin, Consensys' founder, becomes Chairman and CEO of MetaMask and Executive Chairman of the new Consensys, whereas Mike Kriak is stepping in as CEO and David Cunningham as President.
- **Business as usual:** MetaMask confirmed holdings, login credentials, and the app itself aren't affected, and no migrations or actions are needed by users. The full legal separation is expected to close by the end of 2026.
- **Work ahead:** MetaMask's recent Money Account launch makes clear the wallet wants to become a full "Open Money" alternative to a bank accounts. Meanwhile, now the newly independent Consensys gets to chase the institutional tokenization opportunity without competing for resources against a consumer roadmap.