EOS Network rebranded as Vaulta with a strategic shift towards Web3 banking

EOS tokens will be swapped for Vaulta tokens on a 1:1 ratio over four months from May 2025 through a special portal.

EOS Network has been rebranded as Vaulta with a strategic shift towards Web3 banking products for integrating DeFi into traditional financial systems through the EOS blockchain. The move comes as the network seeks to regain its edge in the competitive blockchain landscape.

As part of the rebranding, EOS tokens will be swapped for Vaulta tokens at a 1:1 ratio over four months beginning May 2025 through a special portal. The initiative aims to bring together the strengths of traditional finance and blockchain to create innovative banking products and services.

The Vaulta Web3 banking platform will concentrate on investment portfolios, consumer payments, wealth management, and insurance, enabling fractional ownership of real-world assets, staking, and blockchain-based insurance. The platform will also integrate Bitcoin via exSat and maintain multi-chain compatibility for optimal performance and user experience.

To guide Vaulta's strategic direction, the industry leaders from traditional finance and blockchain will come together in the Vaulta Banking Advisory Council. Moreover, Systemic Trust and Tetra Trust will provide crucial support in facilitating the integration of Web3 banking products with existing financial systems.

Following the March 18 statement, EOS token values increased by 30-50% to $0.67. However, the token is still trading far below its 2018 high of $22.89.

At the beginning of this year, the network announced plans to introduce a new programming language to enhance smart contract development on the EOS chain. This move is part of broader efforts to modernize the network and expand its capabilities to cater to the evolving demands of the crypto community.