EOS Network is rebranding as Vaulta, shifting its focus to web3 banking and aiming to integrate decentralized technology with traditional finance. The transition includes a token swap scheduled for May 2025.
Vaulta’s goal is to leverage Bitcoin’s growing influence in global finance, offering fast transactions, blockchain connectivity, and decentralized data management. To guide the move, Vaulta is forming a Banking Advisory Council with leaders from both traditional finance and blockchain sectors.
The platform will integrate with exSat, a BTC-based banking solution, and build on EOS’s infrastructure. Vaulta has also partnered with Ceffu, Spirit Blockchain, and Blockchain Insurance Inc. Its core focus areas will include Wealth Management, Consumer Payments, Portfolio Management, and Insurance, aiming to develop new financial applications and customized services. More partnerships and updates are expected in the coming months.
Vaulta’s rebranding signals a significant move toward bridging the gap between legacy financial systems and decentralized finance (DeFi). With the integration of Bitcoin as the backbone of its ecosystem, Vaulta aims to create a seamless connection for traditional funds entering DeFi. This transition also sets the stage for broader institutional adoption of blockchain technologies.
By focusing on areas like wealth management and consumer payments, Vaulta plans to offer solutions that empower users with greater financial autonomy while maintaining regulatory compliance, positioning itself as a key player in the evolving web3 banking landscape. As the platform continues to evolve, more strategic partnerships and product updates are anticipated to further strengthen its position in the market.
Pi Coin (PI) has gone down by 33% in the past month and has dropped below a key support at $0.60 as the community has been disappointed by a lack of updates from the Pi Core Team and delays in the migration of Pi tokens to the public mainnet. One notable supporter of Pi whose […]
Pepe Coin is facing tough market conditions, with its price falling to $0.00001042 — over 36% down from its May peak and more than 60% below its all-time high.
Ethereum is struggling to hold attention from retail investors, even as larger players ramp up their exposure to the second-largest cryptocurrency.
Blockchain project Fetch.AI has launched a $50 million buyback initiative for its FET token, citing rising platform usage and what it considers an undervalued market price.