The EOS Network, renowned for its scalable blockchain infrastructure, has announced its rebranding to Vaulta as it redirects its efforts toward Web3 banking. This strategic shift includes a token swap tentatively scheduled for late May and the establishment of the Vaulta Banking Advisory Council. The council comprises experts from the financial and blockchain sectors, including representatives from Systemic Trust, Tetra, and ATB Financial, aimed at integrating traditional banking with decentralized systems.
Alexander Nelson, senior director of digital finance at ATB Financial, commented, “Vaulta’s pivot to Web3 banking marks a pivotal moment for the industry, enabling traditional financial institutions to engage with decentralized finance, particularly through Bitcoin, and fostering broader institutional adoption.”
Vaulta will retain the robust technical foundation of the EOS Network, such as its smart contract capabilities, decentralized database, and inter-blockchain connectivity. As part of its Web3 banking vision, the platform will integrate with exSat, a Bitcoin-centric digital banking solution. The company also plans to expand its ecosystem through partnerships with entities like Ceffu, Spirit Blockchain, and Blockchain Insurance, with more collaborations to be revealed in the coming months.
Yves La Rose, founder and CEO of the Vaulta Foundation, emphasized the significance of this evolution: “This is more than a rebrand—it’s a bold leap toward our goal of providing open, accessible financial solutions for all. Vaulta reflects years of strategic planning and innovation, delivering a comprehensive Web3 banking framework.” He highlighted the network’s nearly seven-year record of uninterrupted operation as a testament to its stability, bolstered by recent enhancements in speed, security, and interoperability that position it for mainstream use.
Vaulta’s Web3 banking strategy operates on two fronts: offering blockchain-based services tailored for banks and neobanks, and building a wider financial ecosystem that includes exSat’s Bitcoin banking tools, blockchain insurance, and tokenized real-world assets. The rebrand aligns with emerging regulatory clarity, such as the European Union’s Markets in Crypto-Assets (MiCA) framework, which La Rose noted as a timely catalyst for Vaulta’s new direction.