$#Vaulta EOS Network, a blockchain that launched in 2018 amid the initial coin offering (ICO) boom, has changed its name to Vaulta and will shift towards Web3 banking.

The change to Vaulta is tentatively scheduled for late May and will include a new token and the creation of an advisory group known as the Vaulta Banking Advisory Council to assist with the new direction of the company, the company said in a statement on March 18.

In a separate statement, the company said that the EOS token

EOS

0.5962 €

from the network will transition to the Vaulta Token, which will be available on the nearly 140 exchanges where EOS is traded and through a swap portal available in May. It added that the token ticker and technical details will be revealed at a later date.