#Vaulta

EOS, now called Vaulta, has announced the Vaulta Banking Advisory Council, which comprises banking experts, regulators, and digital currency stakeholders. In an X post, the network stressed that the core purpose of the council is to “bridge traditional finance and Web3 banking” by ensuring collaboration between banking, fintech and digital assets.

EOS has built its banking ecosystem on four pillars: Wealth management, consumer payments, portfolio investment and insurance. With these, Vaulta can address challenges in CeFi and DeFi yield market for Bitcoin, enhancing consumer payments, real-world assets (RWA) and insurance powered by crypto assets.