EOS Network announces rebranding to Vaulta, enters Web3 banking business

Odaily News EOS Network announced its transformation to Web3 banking. The brand will be renamed Vaulta and will provide blockchain-based services customized for banks and a broader financial ecosystem, including exSat’s Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, etc.
The transformation includes a token swap, which is tentatively scheduled for the end of May. In addition, Vaulta will set up a banking advisory committee composed of experts in the financial and blockchain industries, dedicated to bridging the gap between traditional banking and Web3, including executives from Systemic Trust, Tetra and ATB Financial.
Vaulta plans to retain the EOS network technology infrastructure, including smart contract architecture, decentralized database, and cross-chain connectivity. As part of the Web3 banking initiative, the platform will be integrated with exSat, a Bitcoin-focused digital banking solution.
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)