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ETH 
LINEA Consisys announced that it will split into two independent companies by the end of 2026.
Consisys recently announced that it will split its business into two independent companies: MetaMask, which focuses on consumer self-managed finance, and Consisys, which focuses on the Ethereum (ETH) protocol and institutional infrastructure. The split is expected to be completed by the end of 2026. This reorganization marks the end of the company's single-company structure that lasted for more than a decade.
In this split, MetaMask retained its self-managed wallet business. According to the company, the wallet has more than 100 million downloads in about 190 countries around the world, and the cumulative transaction amount processed has reached trillions of dollars.
MetaMask turns to consumer finance
The new Consensus sys will retain the "protocol suite", which includes the Linea Layer-2 network, Besu execution client, and Teku, while continuing tokenization and stablecoin-related businesses for banks and asset management companies.
Councilsys co-founder Joe Lubin will serve full-time as Chairman and CEO of MetaMask and will also serve as Executive Chairman of Councilsys. Mike Kriak will serve as CEO of Consensus sys and David Cunningham will serve as president.
Lubin said: "MetaMask has grown from this work to become the most widely used self-managed wallet in the world. Today, it is evolving into a larger platform-where people not only hold assets, but also manage funds in many different forms and aspects. Taking on this role full-time means we recognize that consumer finance deserves the same attention and ambition as we build Ethereum itself."
This independent company will adhere to the "Ethereum First" strategy while creating a "Money Account". This is a self-managed account that integrates automatic revenue capture, instant consumption, and one-click transactions in a balance.
The move follows MetaMask's launch of its own U.S. dollar stablecoin mUSD, which was issued through Stripe's Bridge. This is part of its move into daily payments, including the launch of a card linked to MasterCard. In addition, Lubin has confirmed that MetaMask will issue its own tokens and plans to establish a decentralized autonomous organization (DAO) to fund wallet growth.
Consensus adheres to the institutional technology stack
Consensus will focus on providing banks and market operators with the infrastructure to help them put tokenized assets online. Its Besu client has supported the permission-based EVM network in the traditional financial sector. In addition, the company also established the Swiss-based Linea Association to decentralize the Linea zkEVM network, which previously issued LINEA tokens for governance.
David Cunningham, President of Consensus sys, said: "Financial institutions and market infrastructure are moving towards round-the-clock operations, and tokenization is at the heart of this. Consensys Software Inc. Build the basic open source technology to drive this transformation."
Citibank's Tokenization 2030 report released in June 2026 quoted in the announcement estimates that by 2030, the size of tokenized assets may reach US$5.5 trillion to US$8.2 trillion. Lubin said the two companies will continue to build the same ecosystem, but each will focus on the key areas needed by the current market.
