EOS Network Rebrands to Vaulta, Shifts Focus to Web3 Banking
The EOS Network has rebranded to Vaulta, focusing on Web3 banking. This transition is expected to be complete by May 2025.
- Vaulta will introduce a new token, transitioning from the existing EOS token, which is already listed on over 137 exchanges, including Binance and Coinbase.
- A Vaulta Banking Advisory Council will be established to support goals in the Web3 banking sector.
- Key services include wealth management, consumer payments, portfolio management, and insurance.
- Vaulta will partner with Ceffu, Binance's institutional custody partner, to combine decentralized finance with centralized exchange utilities.
- Vaulta will retain EOS Network’s infrastructure for decentralized data management and low-cost transactions.
Following the rebranding announcement, EOS experienced a 25% increase, reaching $0.65, although it remains 97.3% below its all-time high of $22.89 from April 2018.