$EOS #vaulta EOS, once known as the "Ethereum killer", officially announced that it has upgraded its brand to Vaulta, starting a strategic transformation with Web3 banking as the core. Shifting from public chain infrastructure to institutional-grade banking narratives, the EOS Foundation found inspiration in reconstructing the Bitcoin ecosystem through exSat, and also took the opportunity of this rebranding to completely cut the historical baggage.

Behind this transformation, is it the helplessness of losing the competition on the public chain track, or the ambition of betting on Web3 financial compliance? When the Vaulta token replaces EOS, the scarcity of RAM surpasses that of the native token, and the exSat independent ecological anti-customer is dominant, a backdoor ecological transformation has quietly begun.

Can Canadian asset custodians complete the transformation of Web3 banks with the entry of Canadian asset custodians?

EOS has several key points in its latest rebranding initiative. One is about the next Web3 banking brand narrative, and the other is about how to realize this narrative. The third is about some potential changes in tokenomics.

First of all, the reason why Web3 banking business is to be done in the direction of brand upgrading is highlighted in the announcement, one is that the adoption rate of cryptocurrencies around the world continues to increase. Second, the market value of stablecoins continues to rise. The third is the market potential of RWA. From these points, it seems that the next new goal of EOS is to become another XRP, and this transformation seems to be related to the external environment of the crypto market. In addition to this, Vaulta also announced the launch of a banking advisory board, which is currently in the context of ecological governance and its role is not mentioned.

From the background of these BIC members, these institutions are not actually traditional banks, but are mainly asset custodians. And it has a strong territoriality, all from Alberta, Canada. #writetoearn