Once a significant player in blockchain space, EOS Network has officially rebranded to Vaulta, highlighting a strategic shift toward Web3 banking. The rebrand is set for completion by May 2025 and includes a token swap and a focus on four core financial pillars: wealth management, consumer payments, portfolio management, and insurance.
Why EOS is Becoming Vaulta
EOS made headlines in 2018 with a $4.1 billion ICO, setting a record. Despite a strong technical foundation, the company faced governance issues and diminishing market relevance. Vaulta signifies a decisive step towards an open and accessible financial future and a transition to a full-fledged Web3 banking infrastructure, blending blockchain power with traditional financial reliability.
A Banking Advisory Council to Bridge DeFi & TradFi
To ensure smooth integration between traditional finance and decentralized finance (DeFi), Vaulta is establishing the Vaulta Banking Advisory Council. It includes bankers and blockchain experts like Lawrence Truong (CEO of Systemic Trust), Didier Lavalle (CEO of Tetra), Alexander Nelson, and Jonathan Rizzo from ATB Financial. Their expertise will help Vaulta navigate regulatory challenges and financial product innovations.
The Token Transition: EOS to Vaulta
A major part of the rebrand is the EOS token swap to Vaulta Token, set to begin in May 2025 through a dedicated portal. The new token will be available on the 140+ exchanges where EOS is currently listed and integrated into Vaulta’s financial services. Details about the ticker symbol and technical specifications will be released closer to the transition date.
The transformation from EOS to Vaulta presents a new opportunity to solidify its place in the blockchain space, building on a robust infrastructure and clear roadmap. It's a transformation aiming to merge DeFi and traditional banking with new financial products and institutional partner support.
