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ETH Consensus Software will change its name to MetaMask
Consensus Software Inc. It is being split into two independently operating companies in an effort to draw a clear line between its consumer-facing wallet business and the Ethereum protocol and institutional infrastructure businesses. The split separates the consumer-side MetaMask business from its Ethereum infrastructure and institutional businesses.
After Ethereum co-founder Joe Lubin (@ethereumJoseph) became chairman and CEO, the existing Consensus Software Inc. The company will be officially renamed MetaMask. The new MetaMask will focus on the self-managed consumer finance sector, building on its wallet business and further expanding into payment, savings and investment services. Currently, MetaMask has more than 100 million downloads in about 190 countries around the world, and the cumulative transaction volume has reached trillions of dollars. MetaMask confirms that the user's asset positions, login credentials and the application itself will not be affected, and users do not need to perform any migration or operations.
New Consensus sys will focus on institutional infrastructure
The protocol team and institutional infrastructure business, including the Linea blockchain, will be moved into a newly formed company and retain the @ Consensus name. The newly formed Consensus sys will be led by CEO Mike Kriak (@mkriak) and President David Cunningham, with Lubin serving as executive chairman. The company is committed to developing Ethereum infrastructure and assisting financial institutions in deploying blockchain systems for tokenized assets, stablecoins and settlements.
The reorganization reflects the growing demand for tokenization, stablecoins and blockchain infrastructure as financial companies move from pilot projects to actual production deployments. According to estimates from Citibank's June 2026 report cited by the company, by 2030, the size of tokenized assets may reach US$5.5 trillion to US$8.2 trillion.
The structural adjustment comes after Councilsys postponed a potential U.S. initial public offering due to poor market conditions and could be delayed as early as this fall. The company has reportedly hired JPMorgan Chase and Goldman Sachs to lead the process. The company remained silent on its previously postponed IPO plans and did not clarify which new entities might go public. Full legal separation is expected to be completed by the end of 2026.
