EOS will be rebranded as Vaulta, focusing on Web3 banking services

BlockBeats News, March 19, the EOS Network announced it will rebrand as Vaulta, shifting its focus to Web3 banking services. This transformation will be accompanied by a token swap scheduled for the end of May.

Simultaneously, Vaulta introduced the Vaulta Bank Advisory Board, which is a team composed of experts from the financial and blockchain industries, dedicated to bridging the gap between traditional banking and decentralized systems. Advisory board members include executives from Systemic Trust, Tetra, and ATB Financial.

Vaulta plans to retain its technical infrastructure stemming from the EOS Network, including smart contract architecture, decentralized database, and blockchain interoperability. As part of its Web3 banking initiative, the platform will integrate with the Bitcoin-focused digital banking solution exSat.

Vaulta will leverage various partnerships, including Ceffu, Spirit Blockchain, and Blockchain Insurance, to expand its Web3 banking ecosystem.