The EOS Network is a scalable operating system that provides fast, low-cost transactions, seamless blockchain connectivity, and decentralized resource management for Web3 banking. Today, the EOS Network has announced that it will be rebranded as Vaulta, to align with its strategic shift towards Web3 banking. The formal transition will include a token swap, planned for the end of May (subject to confirmation and changes).
The transition from EOS to Vaulta marks the final realization of years of planning and development, aimed at fulfilling the promise of building a secure, scalable, and inclusive financial ecosystem. Over the past few years, the team has been dedicated to integrating Web3 technology with traditional financial systems to realize the vision of Web3 banking - unlocking the immense potential of Bitcoin and other decentralized technologies.
Vaulta's founder and CEO, Yves La Rose, stated: "This transformation is not just a brand name change, but a critical step towards our mission of open and inclusive finance. Vaulta is the culmination of years of planning, strategic development, and meticulous design, resulting in a comprehensive Web3 banking ecosystem. Web3 has the potential to reshape global finance, and Vaulta is at the forefront of this transformation."
This brand rebranding will also drive the establishment of Vaulta's Banking Advisory Council, composed of experts from the banking and Web3 sectors, to provide professional insights for the integration of traditional finance with decentralized infrastructure and the Web3 ecosystem. This advisory team will help develop high-level strategies that align with global compliance standards and identify key real-world pilot opportunities. The Banking Advisory Council will bring together renowned industry thought leaders, including Systemic Trust CEO Lawrence Truong, Didier Lavalle, Tetra CEO, ATB Financial's Senior Director of Digital Finance Alexander Nelson, and ATB Financial's Senior Business Solutions Specialist for Digital Finance, Jonathan Rizzo.
ATB Financial's Senior Director of Digital Finance, Alexander Nelson, commented: "Vaulta's strategic shift towards Web3 banking is significant for the entire banking industry. Their robust infrastructure is poised to connect the traditional banking system with the advantages of blockchain technology. This initiative not only provides a channel for traditional funds to enter the DeFi space through Bitcoin, but also drives broader institutional-level adoption. I am excited to join the Banking Advisory Council and work with Vaulta to drive their next phase of development."
Vaulta aims to revolutionize the financial services industry by providing a scalable and high-performance operating system to drive real-world financial applications. This innovation has been built upon the foundation of the EOS brand, encompassing key elements of the technology stack, such as a C++ smart contract architecture, decentralized on-chain RAM database, and a multi-chain interoperability (IBC) environment. Additionally, Vaulta is seamlessly integrated with exSat, a Bitcoin digital banking solution dedicated to transforming Bitcoin into the core foundation of a decentralized finance ecosystem. The Bitcoin digital banking services of exSat complement Vaulta's banking operating system.
Vaulta will drive this new direction through strategic partnerships with industry-leading companies, including Ceffu, Standard Chartered, Spirit Blockchain, and Blockchain Insurance Inc. These partners will expand the capabilities of Vaulta's Web3 banking ecosystem, focusing on specific digital asset use cases, centered around four key pillars: Wealth Management, Consumer Payments, Portfolio Management, and Insurance. The development of these four pillars will empower Vaulta to unlock new revenue generation opportunities, enter the real-world asset (RWA) investment space, and establish blockchain-tailored insurance services.
Vaulta plans to announce more strategic partnerships in the coming months to further advance its Web3 banking business and infrastructure. The formal transition will include a token swap, planned for the end of May (subject to confirmation and changes).
About Vaulta
Vaulta is a highly scalable, high-performance banking operating system designed to provide unparalleled speed, reliability, and flexibility for developers and enterprises. As a gateway to the Bitcoin ecosystem and a pioneer in decentralized resource management through the RAM market, Vaulta redefines financial infrastructure by combining Web3 banking with institutional-grade performance. Vaulta is built on a dynamic and flexible infrastructure, supporting customizable virtual environments (such as Vaulta EVM and exSat) to provide complete data availability and seamless cross-chain communication. Vaulta boasts zero downtime, instant finality, and one of the lowest transaction costs in the market, ushering in the next frontier of finance - Web3 banking.
