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Cryptocurrency News Articles
EOS Network Rebrands to Vaulta, Announces Strategic Shift to Web3 Banking and Banking Advisory Group
Mar 19, 2025 at 04:12 am
The rebrand represents the culmination of years of development and market observation, positioning Vaulta to harness Bitcoin's rising global dominance
NEW YORK, March 18, 2025 /PRNewswire/ -- EOS Network, a scalable operating system that powers Web3 banking with fast, low-cost transactions, seamless blockchain connectivity, and decentralized data management, today announced it will be rebranding to Vaulta, aligning with a strategic shift to Web3 banking. The official transition, which will include a token swap, is scheduled for the end of May 2025 (subject to confirmation and change).
The transition from EOS to Vaulta marks the culmination of years of planning and development with the goal of delivering on a promise to build a secure, scalable, and inclusive financial ecosystem. Over the past couple of years, the team has worked towards the goal of integrating Web3 technology with established financial systems to realize the vision of Web3 banking - unlocking the immense potential for assets like Bitcoin and other decentralized technologies.
Yves La Rose, Founder and CEO of Vaulta Foundation, commented: "This transformation represents more than just a name change; it's a decisive step forward in our mission to deliver open, accessible financial access for everyone. Vaulta is the product of years of planning, strategic development, and thoughtful design, culminating in a holistic Web3 banking approach. Web3 has the potential to reshape global finance and Vaulta is at the forefront of this evolution"
The rebrand will also see the creation of the Vaulta Banking Advisory Council, composed of a team of banking and Web3 experts who will provide expertise on bridging traditional finance with decentralized infrastructure and Web3 systems. This advisory group will assist with a high-level strategy that adheres to global compliance standards and helps to identify key real-world piloting opportunities. The Banking Advisory Council will include several notable thought leaders; Lawrence Truong, Chief Executive Officer - Systemic Trust, Didier Lavalle, Chief Executive Officer - Tetra, Alexander Nelson, Senior Director, Digital Finance - ATB Financial, Jonathan Rizzo, Senior Business Solution Specialist, Digital Finance - ATB Financial.
Alexander Nelson, Senior Director of Digital Finance at ATB Financial commented "Vaulta's strategic realignment towards Web3 Banking is a significant development for the banking industry. Their robust infrastructure has the potential to connect traditional banking with the benefits of blockchain technology. This move not only opens the door for traditional funds to enter DeFi through Bitcoin but also paves the way for greater institutional acceptance. I'm excited to join the Banking Advisory Council and work together with Vaulta on their next phase of growth."
Vaulta will seek to revolutionize the financial services industry by acting as a scalable and robust operating system that will power real-world financial applications. The groundwork for this innovation has already been established under the EOS brand through key aspects of the network's tech stack, including its C++ smart contract architecture, decentralized on-chain RAM database, and its multi-chain interoperability (IBC) environment. Vaulta directly integrates with exSat, a Bitcoin digital banking solution transforming Bitcoin into the backbone of a decentralized financial ecosystem. exSat's Bitcoin digital banking services complement Vaulta's BankingOS.
Vaulta will be leveraging strategic partnerships with multiple industry leaders to drive this new direction, including Ceffu, Spirit Blockchain, and Blockchain Insurance Inc. These partnerships will work to expand the capabilities of Vaulta's Web3 Banking ecosystem through specific use cases for digital assets, identified as its "Four Pillars"; Wealth Management, Consumer Payments, Portfolio Management, and Insurance. The development of the Four Pillars will allow Vaulta to unlock novel yield-generation opportunities, access to real-world asset (RWA) investments, and establish insurance tailor-made for blockchain.
Vaulta plans to announce further strategic partnerships over the coming months, aligning with ongoing Web3 banking and infrastructure initiatives. The name of the new token ticker and launch of the swap portal is scheduled for the end of May (subject to confirmation and change).
About Vaulta
Vaulta is a highly scalable, high-performance Banking Operating System designed to empower developers and enterprises with unmatched speed, reliability, and flexibility. As a gateway to the Bitcoin ecosystem and a pioneer in decentralized data management through RAM markets, Vaulta is redefining financial infrastructure by bridging Web3 banking with institutional-grade performance. Built on a dynamic and flexible infrastructure, Vaulta enables customizable virtual environments, like Vaulta EVM and exSat, to deliver full data availability and seamless inter-blockchain communication. With zero downtime, instant finality, and one of the lowest transaction costs in the market, Vaulta will unlock the next financial frontier - Web3 Banking.
Media Contact
M Group Strategic Communications: vaulta@mgroupsc.com
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SOURCE Vaulta
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