EOS Network, known for its scalable blockchain infrastructure, is transforming into Vaulta as it shifts towards Web3 banking. This transition will feature a token swap, provisionally scheduled for the end of May 2025.
Additionally, a new entity named the Vaulta Banking Advisory Council will be formed, comprising both financial and blockchain industry specialists aimed at bridging traditional banking and decentralized systems. Notable participants are expected to include executives from Systemic Trust, Tetra, and ATB Financial, as indicated in a press release shared with CoinDesk.
“Vaulta’s strategic realignment towards Web3 banking is a significant development for the industry,” said Alexander Nelson, senior director of digital finance at ATB Financial. “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.”
Vaulta intends to retain its existing technical infrastructure from the EOS Network, including smart contract systems and inter-blockchain connectivity. The platform will integrate with exSat, a Bitcoin-centered digital banking solution within its Web3 banking framework.
The project aims to utilize various alliances to broaden its Web3 banking ecosystem, including partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance. Additional strategic collaborations are expected to be announced in the forthcoming 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.
As Vaulta continues to evolve, it emphasizes a dual strategy, offering blockchain-based services customized for banks and neobanks while also establishing a wider financial ecosystem alongside exSat’s Bitcoin solutions, tokenized real-world assets, and blockchain insurance.
With nearly seven years of consistent operation, the network highlights stability as a pivotal aspect of its future direction. Recent advancements in speed, security, and interoperability position the network for broader market acceptance.
The rebranding initiative coincides with more defined regulatory frameworks for digital assets, such as the European Union’s Markets in Crypto-Assets (MiCA). La Rose indicated that these developments present a timely opportunity to rebrand Vaulta and align with its commitment to Web3 banking.
