EOS Network has announced a major rebranding initiative, evolving into Vaulta as it moves into Web3 banking.
As part of the transition, Vaulta has established the Vaulta Banking Advisory Council, comprised of financial and blockchain industry experts dedicated to bridging the gap between traditional banking and decentralized financial systems. The council includes executives from Systemic Trust, Tetra, and ATB Financial, according to a press release.
“Vaulta’s strategic realignment into 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 via Bitcoin, but also paves the way for greater institutional adoption.”
Vaulta will continue to leverage the technical infrastructure of the EOS Network, including smart contract architecture, decentralized database, and inter-blockchain connectivity.
The firm is also expanding its Web3 banking ecosystem through strategic partnerships, including collaborations with Ceffu, Spirit Blockchain, and Blockchain Insurance. Additional partnerships are expected to be announced in the coming months.
Yves La Rose, Founder and CEO of Vaulta Foundation, said:
“This transformation represents more than just a name change; it is a decisive step forward in our mission to provide open, accessible financial access for all. Vaulta is the product of years of planning, strategic development and thoughtful design, resulting in a holistic Web3 banking approach.”
*This is not investment advice.
