Consensys Software Inc. plans to divide into MetaMask and a newly formed Consensys by the end of 2026, separating its consumer wallet business from Ethereum development tools and institutional blockchain infrastructure. The existing legal entity will adopt the MetaMask name, led by Ethereum co-founder Joe Lubin as chairman and chief executive officer, while Mike Kriak will become CEO of the new Consensys and David Cunningham its president. Lubin will serve as executive chairman of the enterprise-focused company. MetaMask has exceeded 100 million installations across nearly 190 countries and has facilitated trillions of dollars in transactions, according to company data. Its consumer expansion includes the Money Account, which offers up to 4% variable annual percentage yield on mUSD deposits through decentralized-finance lending protocols, a Mastercard-powered payment card, and tokenized securities linked to U.S. stocks, ETFs and commodities for eligible users outside the U.S. The new Consensys will operate Linea, Besu and Teku while targeting financial institutions seeking tokenization, stablecoin and blockchain-settlement infrastructure. The restructuring follows the postponement of a potential initial public offering amid difficult market conditions; reports said Consensys had engaged JPMorgan and Goldman Sachs for a possible U.S. listing, though the company has not confirmed a revised timetable or identified which entity could go public.