Vaulta, previously known as EOS Network, is collaborating with Fosun Wealth Holdings to introduce blockchain infrastructure into Hong Kong’s financial domain. This partnership is built around “FinChain,” which is a virtual asset initiative launched by Fosun Wealth Holdings, part of the Fosun International group.
Key Highlights:
- Vaulta and Fosun Wealth Holdings are joining efforts to enhance blockchain infrastructure for the financial industry in Hong Kong.
- Vaulta intends to contribute its BankingOS suite and exSat digital banking platform for functions such as asset issuance, yield generation, and cryptocurrency transactions.
- Fosun will offer its financial licenses and capabilities for real-world asset issuance to support this partnership.
This collaboration allows Vaulta and exSat to leverage Fosun’s existing financial licenses, providing a regulatory framework to expand blockchain-centric banking services.
Zhao Chen, Fosun Wealth’s Director of Digital Assets, stated:
“Vaulta and exSat bring the product vision and digital banking capabilities we need to make FinChain a reality.”
This initiative is part of Vaulta’s overarching rebranding and its move towards institutional-grade blockchain finance. It is anticipated that this partnership will spark additional collaborations aimed at advancing Web3 financial infrastructure across Asia and beyond.
