In the world of cryptocurrency, significant institutional interest is driving projects like EOS to adapt and evolve. EOS Network has announced its rebranding and commitment to a 'new financial era'.
Renaming EOS: New Horizons
The EOS project, rebranded as Vaulta, focuses on transforming traditional financial institutions. Amid increased institutional interest, EOS aims to strengthen its market position.
Advancing Web3 Banking Initiatives
To advance its Web3 banking endeavor, Vaulta has formed a Banking Advisory Board, including key figures like former Binance Canada CEO, Truong, Tetra CEO Didier, and leaders from ATB Financial, one of North America's largest state banks.
Transformation into Vaulta Token
By May 2025, the EOS Network plans to complete its transition to Vaulta Token. This shift will allow users to stake tokens at an annual return of 17% and provide access to liquid financial services.
The transformation into Vaulta aims to create a fast, globally accessible financial service with low fees, addressing shortcomings of traditional financial systems. This represents a significant shift for EOS and has led to a price increase following the announcement.
