The Vaulta project is the new name for the EOS network following a strategic restructuring aimed at transforming it into a banking platform based on Web3 technologies. Vaulta aims to integrate traditional finance with decentralized finance (DeFi) by offering services such as digital custody, cross-border payments, and compliance tools, in collaboration with financial institutions like Canada's ATB Financial.
Among the recent developments, Vaulta announced a partnership with VirgoPay, which will be used as a virtual settlement layer for stablecoin payments, enabling near-instant international transfers at low costs, especially in corridors like Canada, Brazil, and Hong Kong.
The new Vaulta token is expected to launch in May 2025, with the possibility of directly exchanging existing EOS tokens.
Vaulta seeks to become a leader in digital banking services by providing a secure and scalable infrastructure that supports digital identity and asset management, paving the way for a new era of decentralized finance.