#Vaulta

The EOS Network has announced that it will be renamed Vaulta, shifting its focus to Web3 banking services. This transformation is accompanied by a token swap expected to be arranged by the end of May. At the same time, the Vaulta Bank Advisory Committee will be launched, a team of experts from the finance and blockchain industries dedicated to bridging the gap between traditional banking and decentralized systems. Committee members include executives from Systemic Trust, Tetra, and ATB Financial. Vaulta plans to retain its technological infrastructure from the EOS Network, including smart contract architecture, decentralized databases, and inter-blockchain connectivity. As part of its Web3 banking initiative, the platform will integrate with the Bitcoin-focused digital banking solution exSat. Vaulta will leverage various partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance to expand its Web3 banking ecosystem.