EOS Network announced on March 18 that it will be Rebrand as Vaulta, which will mark a strategic shift to Web3 Banking, because it strives to integrate decentralized technology with traditional financial systems.
The transition, which includes a tokens swap, is planned for the end of May 2025, pending confirmation.
The relocation represents years of development aimed at utilizing the growing influence of Bitcoin on global finances. Vaulta will position itself as a scalable operating system for web3 banking, which offer fast transactions, blockchain -connectivity and decentralized data management.
Vaulta Foundation CEO and founder Yves La Rose said:
“This transformation represents more than just a name change; it is a decisive step forward in our mission to offer open, accessible financial access to everyone.”
Random
As part of the Rebrand, Vaulta will set up a banking advisory board consisting of experts from both traditional financial and blockchain sectors. The Council will offer strategic guidelines to bridge the gap between Legacy Banking and Defi.
Members are Lawrence Truong, CEO of Systemic Trust; Didier Lavalle, CEO of Tetra; Alexander Nelson, senior director of Digital Finance at ATB Financial; and Jonathan Rizzo, senior business solution specialist at ATB Financial.
Nelson said:
“The rescheduling of Vaulta for Web3 Banking is an important development for industry.
Vaulta will integrate with Exsat, a Bitcoin digital bank solution, to strengthen the role of Bitcoin as the basis of its decentralized financial ecosystem.
The technological infrastructure of the Platform-Emer developed under EOS-Omvat C ++ Smart Contract Architecture, a decentralized RAM database on the chains and interoperability functions with multiple chains.
The company has also announced strategic partnerships with Ceffu, Spirit Blockchain and Blockchain Insurance Inc.
Vaulta wants to develop four core areas in Web3 Banking: Wealth Management, Consumer Payments, Portfolio Management and Insurance. These pillars will make new financial applications possible, such as blockchain-native revenue generation, real-world assets (RWA) investments and tailor-made insurance solutions.
Additional partnerships are expected in the coming months. The Token -Ticker and SWAP -Portal launch remains set for the end of May, depending on further updates.
State in this article
