Vaulta Partners with Fosun to Enhance Blockchain Banking in Hong Kong

1 min

Vaulta, formerly known as EOS Network, has partnered with Fosun Wealth Holdings to enhance blockchain infrastructure in Hong Kong's financial sector. This collaboration focuses on “FinChain,” a virtual asset business by Fosun Wealth, part of the Fosun International conglomerate.

Key points of the partnership:

  • Vaulta will provide its BankingOS suite.
  • exSat, Vaulta’s digital banking platform, will serve as the on-chain banking layer for asset issuance, yield generation, and crypto payments.
  • The deal leverages Fosun's financial licenses and real-world asset (RWA) issuance capabilities.
  • This collaboration aims to facilitate the rollout of next-generation financial products.
  • It marks Vaulta’s rebrand and expansion into institutional-grade blockchain finance.

The initiative is expected to foster additional collaborations focused on Web3 financial infrastructure across Asia.

Original publication

Authors credited by the source: Francisco Rodrigues

Published by Holder based on an external source.