#Vaulta Strategic Transformation from Public Chain to Web3 Banking
In March 2025, the original public chain project EOS Network announced a full transformation into Vaulta, focusing on Web3 banking services, marking a major strategic shift from 'technology-driven' to 'financial compliance.' This transformation involves not only brand reshaping and token replacement but also aims to create a panoramic financial ecosystem covering wealth management, payment settlement, asset tokenization, and insurance by integrating traditional financial resources with blockchain technology.
Transformation Motivation: Loss in Public Chain Competition and Opportunities for Compliance
EOS once became a star in the crypto industry with the vision of 'millions of TPS,' but gradually lost competitiveness due to unmet technical expectations, weak ecological growth, and the rise of new public chains like Solana. Meanwhile, the increase in global crypto asset adoption, the expansion of the stablecoin market, and the potential of real asset tokenization (RWA) prompted Vaulta to shift towards the more practical Web3 banking track. Its founder, Yves La Rose, pointed out that the maturity of regulatory frameworks like the EU MiCA provides a crucial window for compliant financial operations.
Core Architecture: Continuity of Technology and Ecological Integration
Vaulta retains the technical foundation of EOS, including smart contract architecture, cross-chain interoperability, and zero-interruption operational records, and integrates exSat—a 'connection layer' designed specifically for Bitcoin—to enhance the efficiency and DeFi compatibility of Bitcoin transactions through EOS RAM resources. Currently, exSat has attracted over 5,400 BTC staked, with a total locked value of $587 million, far exceeding EOS mainnet 68. In addition, Vaulta collaborates with institutions such as Ceffu (custody), Spirit Blockchain (compliance), and Blockchain Insurance (insurance) to build an institutional-level service matrix.
Challenges and Controversies: Token Economy and Governance Concerns
Despite a short-term price increase of 30% for EOS tokens after the transformation, the market still holds doubts about Vaulta's long-term prospects:
Token Function Weakening: The governance power of the new token Vaulta has been significantly weakened, with its main use limited to staking rewards, while RAM (EOS network memory resources) has become a more promising asset due to its scarcity.
Shift in Ecological Dominance: The independent development of exSat (such as mixed consensus mechanisms and validator lists) has effectively made it the core of the Vaulta ecosystem, with the original EOS brand value nearly reduced to zero.
Regional Cooperation Limitations: Many members of the Banking Advisory Committee come from local Canadian institutions, raising doubts about their compatibility with Vaulta's global vision.
Future Outlook: Regulatory Experiment of Web3 Banking
The success or failure of Vaulta will depend on two major factors:
Technical Implementation Capability: Whether it can quickly launch low-cost, highly compatible payment and custody tools to attract traditional financial institutions.
Regulatory Collaboration: By working with compliance partners to address the KYC/AML challenges of crypto assets, it aims to become a 'bridge between traditional finance and DeFi.' If successful, Vaulta could provide a template for the transformation of established public chains.
