The EOS Network, once a giant in the blockchain space, has officially rebranded to Vaulta, marking a strategic shift towards Web3 banking.
Why EOS is Becoming Vaulta
EOS gained attention in 2018 with a record-breaking $4.1 billion ICO but faced challenges with governance and market relevance. Now, with the new name Vaulta, it aims to become a full-fledged Web3 banking infrastructure, maintaining key features like C++ smart contracts and multi-chain interoperability. Vaulta plans to introduce exSat, a Bitcoin scaling solution.
A Banking Advisory Council to Bridge DeFi & TradFi
To ensure smooth integration between traditional and decentralized finance, Vaulta is establishing the Vaulta Banking Advisory Council, pooling expertise from banking and blockchain sectors. Key figures include Lawrence Truong and Didier Lavalle.
The Token Transition: EOS to Vaulta
A major part of the rebrand is the EOS token swap to Vaulta Token, which will be available on over 140 exchanges. This opens new opportunities for Web3 banking applications. Details on the ticker and technical specifications will be announced closer to the transition date in May 2025.
The rebrand from EOS to Vaulta is an attempt to reclaim past prominence by offering new financial products and solutions based on DeFi, integration with traditional banking, and enhanced Bitcoin support.
