The EOS Network, once a major figure in the blockchain space, has officially rebranded as Vaulta. This transformation marks a strategic move towards Web3 banking, aiming to merge the strengths of blockchain technology with traditional financial systems.
Why EOS is Becoming Vaulta
In 2018, EOS made headlines with a record-breaking $4.1 billion ICO but later faced governance challenges and a decline in relevance. Vaulta aims for an open financial future, with CEO Yves La Rose stating this isn't just a name change but a full-scale approach to Web3 banking, retaining important EOS features like C++ Smart Contracts and on-chain RAM Database.
A Banking Advisory Council to Bridge DeFi & TradFi
For smooth integration with traditional finance, Vaulta is forming a Banking Advisory Council with experts from banking and blockchain. Members such as Lawrence Truong, Didier Lavalle, Alexander Nelson, and Jonathan Rizzo will assist in navigating regulatory and innovation paths. 'We sought partnerships with industry experts,' mentioned La Rose.
The Token Transition: EOS to Vaulta
A pivotal part of the rebranding is the transition from EOS to Vaulta Token, scheduled through a swap portal in May 2025. The Vaulta Token will be available on over 140 exchanges where EOS is listed and will form the backbone of Vaulta's financial services.
The rebranding of EOS to Vaulta signifies a fresh start for the network, offering a chance to regain its standing in the blockchain community by blending DeFi and traditional banking solutions.
