EOS Network Rebranding to Vaulta as It Pivots Towards Web3 Banking

EOS Network, known for its scalable blockchain infrastructure, is rebranding to Vaulta as it pivots toward Web3 banking. The transition comes with a token swap that is

EOS Network is set to undergo a rebranding to Vaulta as it pivots toward Web3 banking, bringing together traditional finance and decentralized systems. The transition will also see the launch of the Vaulta Banking Advisory Council and an ensuing token swap, which is still in a provisional stage of planning for the end of May.

The new initiative will see a collaboration of financial and blockchain industry experts come together to advise on Vaulta’s strategy as it integrates advanced technologies into its offerings for institutions.

Among the council members are Xavier Seghir, partner at Systemic Trust, specializing in advising institutions on digital assets and blockchain strategies; Ben Raviv, CEO of Tetra, a firm focused on institutional access to digital assets, and Alexander Nelson, senior director of digital finance at ATB Financial.

“Vaulta's strategic realignment towards Web3 banking is a significant development for the industry,” said Nelson. “This move not only opens the door for traditional funds to enter decentralized finance through Bitcoin but also paves the way for greater institutional acceptance.”

As part of its pivot, Vaulta will be integrating with exSat, a Bitcoin-focused digital banking solution, to launch its own initiative in the sphere of Web3 banking.

The project will also be enlisting the expertise of various partners across the financial and blockchain sectors to expand its ecosystem, including Ceffu, a multi-currency and cryptocurrency institutional-grade digital assets firm; Spirit Blockchain, a leading provider of advanced technology solutions for institutions, and Blockchain Insurance.

Further strategic partnerships are still in the works and are expected to be announced in the coming months.

“This transformation represents more than just a name change; it's a decisive step forward in our mission to deliver open, accessible financial access for everyone. Vaulta is the product of years of planning, strategic development, and thoughtful design, culminating in a holistic Web3 banking approach,” said Yves La Rose, founder and CEO of Vaulta Foundation.

According to the press release, Vaulta will be approaching Web3 banking in two ways: by offering blockchain-tailored services for banks and neobanks, and by presenting a broader financial ecosystem that will include exSat’s Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, and more.

The network itself has now been continuously operational for almost seven years, a stability that La Rose highlighted as a key factor in the platform’s DNA.

He added that advancements in the network's speed, security and interoperability now position it "for mainstream adoption."

The rebranding comes as regulatory frameworks for digital assets, such as the European Union’s Markets in Crypto-Assets (MiCA), become more fully realized.

These developments make it the "right moment" to align the Vaulta brand with its focus on Web3 banking, said La Rose.