EOS Network announces rebranding to Vaulta, enters Web3 banking business

Odaily Planet Daily News EOS Network announced its transformation to Web3 banking. The brand will be renamed Vaulta. On the one hand, it will provide blockchain-based services customized for banks; on the other hand, it will provide a wider financial ecosystem, including exSat's Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, etc. The transformation includes a token exchange, which is tentatively scheduled for the end of May. In addition, Vaulta will also establish a banking advisory committee composed of experts in the financial and blockchain industries, dedicated to bridging the gap between traditional banking and Web3. Members include executives from Systemic Trust, Tetra and ATB Financial. Vaulta plans to retain the EOS network technology infrastructure, including smart contract architecture, decentralized databases and cross-chain connections. As part of the Web3 banking plan, the platform will integrate with exSat, a digital banking solution focused on Bitcoin. In addition, Vaulta also plans to cooperate with Ceffu, Spirit Blockchain and Blockchain Insurance, and is expected to announce strategic partnerships in the coming months. (CoinDesk)