Consensys to Spin Off MetaMask Into Independent Entity

Consensys is spinning off its flagship wallet, MetaMask, into a separate company focused on consumer platforms, while the remaining protocol and institutional software business will retain the Consensys brand. Founder Joe Lubin will serve as CEO of the new MetaMask entity and executive chairman of Consensys. The move follows MetaMask's rapid growth and the integration of features like Mastercard debit card support and perpetual futures. Analysts suggest the independent MetaMask could seek an IPO as early as early 2027.