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 announced its rebranding to Vaulta to align with its strategic shift towards Web3 banking. The official transition will include a token swap, planned for the end of May.
The transition from EOS to Vaulta marks the culmination of years of planning and development aimed at fulfilling the commitment to build a secure, scalable, and inclusive financial ecosystem. Over the past few years, the team has been dedicated to integrating Web3 technology with the traditional financial system 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 rebranding; it is a critical step towards our mission of open and inclusive finance. Vaulta is the culmination of years of planning, strategic development, and thoughtful design, ultimately forming a comprehensive Web3 banking business system. Web3 has the potential to reshape global finance, and Vaulta is at the forefront of this transformation.”
This rebranding will also drive the establishment of the Vaulta Banking Business Advisory Council, composed of experts from the banking and Web3 fields, aimed at providing professional insights for the integration of traditional finance with decentralized infrastructure and the Web3 ecosystem. This advisory team will assist in developing high-level strategies that comply with global regulatory standards and help identify key real-world pilot opportunities. The Banking Business Advisory Council will bring together several renowned thought leaders from the industry, including Lawrence Truong, CEO of Systemic Trust, Didier Lavalle, CEO of Tetra, Alexander Nelson, Senior Director of Digital Finance at ATB Financial, and Jonathan Rizzo, Senior Business Solutions Expert in Digital Finance at ATB Financial.
Alexander Nelson, Senior Director of Digital Finance at ATB Financial, commented: “Vaulta's strategic adjustment in Web3 banking is significant for the entire banking industry. Their robust infrastructure is expected to connect the advantages of the traditional banking system with blockchain technology. This initiative not only provides a pathway for traditional funds to enter the DeFi space through Bitcoin but also promotes broader institutional acceptance.
