The fossil-level network EOS rebrands as Vaulta, entering the Web3 banking sector and will launch a new Token.

The public chain EOS, which once attempted to challenge Ethereum, announced that it will be renamed Vaulta and will fully shift towards the Web3 banking sector. This plan will officially launch in May this year, at which time EOS tokens will be exchanged for Vaulta tokens at a 1:1 ratio. The Vaulta team stated that this transformation will make the blockchain an important participant in global financial infrastructure and redefine the future of banking.

EOS transforms into Vaulta, expanding Web3 financial services

EOS was launched by Block.one in 2018 and once had a market value of 18 billion USD, becoming quite popular. However, over time, the chain has failed to fully realize its initial promises. Today, EOS is transforming through the Vaulta brand, focusing on the Web3 banking sector, combining blockchain technology with traditional finance to provide decentralized banking solutions.

Finance is evolving. The barriers are breaking. A new standard is emerging.

Introducing Vaulta – bridging traditional banking with the power of Web3. Secure. Scalable. Unstoppable.

Secure your future. The future is now. pic.twitter.com/f81801QpqF

— EOS Network (@EOSNetworkFDN) March 18, 2025

According to the Vaulta announcement, the new Vaulta Token will be listed on 136 exchanges currently supporting EOS starting in May, and it will have stronger financial functions and application scenarios. The official will announce the detailed technical specifications and new code of the token in the future.

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The technological foundation of Vaulta and the vision for Web3 banking

Vaulta will be based on EOSIO Blockchain software and will integrate exSat, a "docking layer (docking layer)" that connects Bitcoin and smart contracts. The key features of the system include:

1 second transaction confirmation, increasing transaction speed

C++ and EVM compatible smart contracts, supporting more developers

Cross-chain financial ecosystem that supports the interoperability of Bitcoin and other assets.

For its Web3 banking services, Vaulta plans to drive forward through four core financial pillars:

Wealth Management: Offering institutional-grade custody, staking yields, and Bitcoin yield strategies.

Consumption Payment: Fast Settlement, Lower Transaction Fees, Expand Daily Payment Applications of Digital Assets

Portfolio Management: Combining DeFi with traditional finance to achieve tokenized real estate and other asset transactions.

Insurance Services: Providing digital asset risk protection through Blockchain Insurance Inc.

Vaulta's vision is to become the infrastructure of Web3 banking and to achieve global financial inclusion through blockchain technology.

Vaulta Bank Advisory Committee and Strategic Partners

To ensure that Vaulta's Web3 banking model complies with regulatory and traditional financial standards, the platform has established a Vaulta Banking Advisory Committee, with members from institutions such as Systemic Trust, Tetra Trust, and ATB Financial. Among them, Lawrence Truong, the CEO of Systemic Trust, previously served as the CEO of Binance Canada and has extensive experience in regulation and custody.

In addition, Vaulta has collaborated with institutions such as Ceffu, Spirit Blockchain, and Blockchain Insurance:

Ceffu: Providing secure digital asset custody, staking, and Bitcoin yield strategies.

Spirit Blockchain: Facilitating the tokenization of real estate, precious metals, and other physical assets.

Blockchain Insurance Inc.: Providing insurance solutions specifically designed for digital assets.

These partners will help Vaulta bring Web3 banking to the global market.

From EOS to Vaulta: Can fossils become treasures?

EOS raised $4.1 billion through a year-long ICO in 2018, reaching a peak market value of $18 billion. However, as its "Blockchain 3.0" vision gradually crumbled, its current market value has dwindled to $775 million. Previously, EOS had reached a settlement with the (SEC) over ICO issues, paying a $24 million fine, which only accounted for 0.58% of its ICO funds (.

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As the application range of Bitcoin expands, the stablecoin market grows, and the trend of tokenizing physical assets emerges, Vaulta aims to become an important participant in this financial revolution through a Web3 banking model:

Vaulta plans to officially launch the brand and token conversion at the end of May this year, at which time EOS tokens will be converted to Vaulta tokens at a 1:1 ratio and will be available for trading on major exchanges.

Today, Vaulta's transformation represents an opportunity to redefine its market positioning. The team not only aims to address the issues that EOS faced previously but also strives to integrate blockchain technology with traditional banking services to create a faster, lower-cost, and more inclusive financial ecosystem. As the global adoption of cryptocurrency grows, whether Vaulta can successfully usher in the era of Web3 banking still requires further validation from the market.

This article discusses how the fossil-level network EOS rebranded as Vaulta, entering the Web3 banking sector, and will launch a new token, first appearing in Chain News ABMedia.