EOS Network announced its rebranding to Vaulta, emphasizing a strategic shift towards Web3 banking services. This transition marks years of planning and development hoping to build a secure, scalable, and inclusive financial ecosystem.
Transition to Vaulta
Under the Vaulta brand, a token swap is scheduled for the end of May 2025. This rebranding is linked to the desire to create a more secure and inclusive financial ecosystem where Web3 technologies are integrated with traditional financial systems.
Creation of Advisory Council
As part of the reorganization, an Advisory Council composed of banking and Web3 experts will be established. Key figures such as Lawrence Truong and Alexander Nelson will assist in formulating strategies that adhere to global compliance standards and identify real-world piloting opportunities. Alexander Nelson noted that this strategic realignment opens doors for traditional funds to enter DeFi through Bitcoin.
Technological and Strategic Support
Vaulta will support financial applications through strategic partnerships. Key aspects of the technological platform, such as smart contract architecture and multi-chain interoperability, were established under the EOS brand. Collaborating with other industry leaders, Vaulta is developing as an operating system for Web3, focusing on four key areas: wealth management, consumer payments, portfolio management, and insurance.
The rebranding of EOS Network to Vaulta underscores the ambition to create a new landscape of global finance through Web3 technologies and strategic partnerships that integrate traditional and decentralized financial systems.
