EOS Changes Name to Vaulta, Shifts Focus to Web3 Banking

EOS Changes Name to Vaulta, Focuses on Web3 Banking

The transition includes a token swap and the creation of a banking advisory board.

Francisco Rodriguez | Edited by Steven Alpher Updated March 20, 2025, 17:08 UTC Published March 18, 2025, 19:30 UTC

Key points:

• EOS Network rebrands to Vaulta as part of strategic shift to Web3 banking.
• The changes will create a banking advisory board made up of finance and blockchain experts.
• The token swap is scheduled for late May 2025, pending confirmation.

EOS Network, known for its scalable blockchain infrastructure, is rebranding as Vaulta, with a focus on Web3 banking. The move includes a token swap tentatively scheduled for late May.

The Vaulta Banking Advisory Council, made up of financial and blockchain industry experts focused on bridging the gap between traditional banking and decentralized systems, will also be launched. The council includes executives from Systemic Trust, Tetra, and ATB Financial, according to a press release shared with CoinDesk.

By subscribing, you will receive emails about CoinDesk products and agree to our terms of use and privacy policy .

“Vaulta’s strategic pivot to Web3 banking is a significant development for the entire industry,” said Alexander Nelson, senior director of digital finance at ATB Financial. “This move opens the door for traditional funds to move into decentralized finance via Bitcoin and paves the way for broader institutional adoption.”

Vaulta intends to retain its technical infrastructure from the EOS Network, including smart contract architecture, decentralized database, and inter-blockchain communication. The platform will integrate with exSat, a Bitcoin-focused digital banking solution, as part of its Web3 banking initiative.

According to the press release, the project will develop its Web3 banking ecosystem through various partnerships, including Ceffu, Spirit Blockchain, and Blockchain Insurance. The company is expected to announce more strategic partnerships in the coming months.

“This transformation is more than just a name change; it is a decisive step forward in our mission to provide open and affordable financial access for all. Vaulta is the result of years of planning, strategic development, and thoughtful design that culminates in a holistic approach to Web3 banking,” said Yves La Rose, founder and CEO of the Vaulta Foundation.

The team described Vaulta's approach to Web3 banking as two-pronged: offering blockchain services to banks and neobanks, while also building a broader financial ecosystem that includes exSat's Bitcoin banking solutions, blockchain-based insurance, tokenized real-world assets, and more.

His network has been running smoothly for nearly seven years, emphasizing stability as a key aspect of his approach, he added. Advances in network speed, security and interoperability mean the network is “now ready for mass adoption.”

The rebrand comes as legislation around digital assets, including the European Union’s Markets in Cryptocurrency (MiCA), becomes clearer. La Rose said these developments make it “an opportune moment” to align Vaulta’s brand with its focus on Web3 banking.

Источник