The EOS Network is a scalable operating system that provides fast, low-cost transactions, seamless blockchain connectivity, and decentralized resource management for Web3 banking. Today, EOS Network announced that it will change its name to Vaulta to coincide with its strategic shift to Web3 banking. The formal transition will include a token swap, scheduled for May 28, 2025 (subject to final confirmation and approval).
The transition from EOS to Vaulta marks the culmination of years of planning and development work to deliver on the promise of building a secure, scalable and inclusive financial ecosystem. Over the past few years, the team has been working to integrate Web3 technology with the traditional financial system to realize the vision of Web3 banking - unleashing the huge potential of Bitcoin and other decentralized technologies.
“This transformation is more than just a rebrand, it is a critical step towards our mission of open and inclusive finance,” said Yves La Rose, Founder and CEO of Vaulta. “Vaulta is the culmination of years of planning, strategic development, and careful design, culminating in a comprehensive Web3 banking ecosystem. Web3 has the potential to reshape global finance, and Vaulta is at the forefront of this transformation.”
The rebrand will also drive the launch of the Vaulta Banking Advisory Board, a group of experts from the banking and Web3 space to provide insights into the convergence of traditional finance with decentralized infrastructure and Web3 ecosystems. The advisory team will assist in developing high-level strategies that meet global compliance standards and help identify key real-world pilot opportunities. The Banking Advisory Board will bring together several industry thought leaders, including Lawrence Truong, CEO of Systemic Trust, Didier Lavalle, Alexander Nelson, CEO of Tetra and Senior Director of Digital Finance at ATB Financial, and Jonathan Rizzo, Senior Business Solutions Expert at Digital Finance at ATB Financial.
Alexander Nelson, Senior Director of Digital Finance at ATB Financial, commented: “Vaulta’s strategic alignment in Web3 banking is of great significance to the entire banking industry. Their powerful infrastructure has the potential to bridge the traditional banking system with the advantages of blockchain technology. This move not only provides a channel for traditional funds to enter the DeFi field through Bitcoin, but also promotes broader institutional acceptance. I am very excited to join the Banking Advisory Board and work with Vaulta to drive its next stage of development.”
Vaulta aims to revolutionize the financial services industry by providing a scalable and high-performance operating system to drive real-world financial applications. This innovation has been laid by the EOS brand and covers key elements of the network technology stack, such as C++ smart contract architecture, decentralized on-chain RAM database, and multi-chain interoperability (IBC) environment. In addition, Vaulta is seamlessly integrated with exSat, a Bitcoin digital banking solution dedicated to transforming Bitcoin into the core cornerstone of the decentralized financial ecosystem. exSats Bitcoin digital banking service complements Vaultas banking operating system.
Vaulta will drive this new direction through strategic partnerships with several industry leaders, including Ceffu, Standard Chartered, Spirit Blockchain, and Blockchain Insurance Inc. These partners will expand the capabilities of the Vaulta Web3 banking ecosystem around specific digital asset use cases, specifically focusing on the four pillars: wealth management, consumer payments, portfolio management, and insurance. The development of the four pillars will enable Vaulta to unlock new income generation opportunities, enter the real world asset (RWA) investment field, and establish insurance services tailored for blockchain.
Vaulta plans to announce more strategic partners in the coming months to further advance Web3 banking and infrastructure. The launch of the trading code and redemption portal for the new token is expected to take place on May 28 (the specific date is subject to official confirmation and adjustment).
About Vaulta
Vaulta is a highly scalable, high-performance banking operating system designed to provide developers and enterprises with unparalleled speed, reliability, and flexibility. As a gateway to the Bitcoin ecosystem and a pioneer in decentralized resource management through the RAM market, Vaulta redefines financial infrastructure by combining Web3 banking with institutional-grade performance. Built on a dynamic and flexible infrastructure, Vaulta supports customizable virtual environments such as Vaulta EVM and exSat to provide full data availability and seamless inter-blockchain communication. With zero downtime, instant finality, and one of the lowest transaction costs on the market, Vaulta will open the next financial frontier - Web3 banking.
