coinspress.com
EOS Network is undergoing a significant rebrand, now transitioning into Vaulta as it ventures into the world of Web3 banking.
This change is part of a broader strategy to integrate decentralized finance (DeFi) with traditional financial systems, providing a bridge for both sectors.
Vaulta has created the Vaulta Banking Advisory Council, a group composed of leaders from various financial and blockchain industries. This council aims to foster collaboration between established banking practices and the emerging Web3 space. Among its members are executives from Systemic Trust, Tetra, and ATB Financial.
Alexander Nelson, Senior Director of Digital Finance at ATB Financial, highlighted the importance of this shift, noting that it will not only facilitate the entry of traditional capital into decentralized finance, particularly through Bitcoin, but will also accelerate the involvement of institutional players in DeFi.
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While Vaulta’s name and strategy have evolved, it will still rely on the foundational technology of EOS Network, including its smart contracts, decentralized database, and cross-chain capabilities. This technical infrastructure will support Vaulta’s new Web3 banking initiatives.
The company is also growing its Web3 banking ecosystem by forming partnerships with entities like Ceffu, Spirit Blockchain, and Blockchain Insurance, with more alliances in the pipeline. Yves La Rose, Vaulta’s Founder and CEO, emphasized that the rebranding represents more than just a new name. It’s the result of years of careful planning and development, positioning Vaulta as a key player in making decentralized finance more accessible to everyone.