The EOS Network, that old workhorse of blockchain, is shedding its skin like a snake in the desert. It’s calling itself Vaulta now, and it’s got its eyes set on Web3 banking. A token swap is in the works, tentatively penciled in for the end of May 2025—because why rush when you can keep everyone guessing? 🕒
Along with the rebrand, Vaulta is rolling out a Banking Advisory Council, a fancy name for a group of folks who know their way around a balance sheet and a blockchain. They’ve got execs from Systemic Trust, Tetra, and ATB Financial on board, which sounds impressive until you realize it’s just a bunch of suits trying to figure out how to make Bitcoin palatable to banks. 🏦
“This is a big deal,” said Alexander Nelson, senior director of digital finance at ATB Financial, with the kind of enthusiasm usually reserved for a new coffee machine in the break room. “It’s not just about rebranding; it’s about opening doors for traditional funds to wade into the murky waters of decentralized finance.”
Vaulta isn’t tossing out the baby with the bathwater, though. It’s keeping EOS’s technical guts—smart contracts, decentralized databases, and all that jazz. It’s also cozying up to exSat, a Bitcoin-focused digital banking solution, because nothing says “Web3 banking” like slapping Bitcoin on the label. 🏷️
The project is leaning on partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance to build out its ecosystem. More partnerships are on the horizon, because apparently, you can’t have too many friends in this business. 🤝
Yves La Rose, founder and CEO of Vaulta Foundation, waxed poetic about the rebrand. “This isn’t just a name change,” he said, with the gravitas of a man who’s spent years planning this moment. “It’s a step toward open, accessible financial access for everyone.” Sure, Yves. We’ll believe it when we see it. 🙄
Vaulta’s approach is two-pronged: blockchain services for banks and neobanks, and a broader financial ecosystem featuring Bitcoin banking, blockchain insurance, and tokenized real-world assets. Because why settle for one gimmick when you can have a whole bag of them? 🎒
The network has been running smoothly for nearly seven years, which is either a testament to its stability or proof that no one’s been paying attention. Either way, Vaulta claims it’s now ready for mainstream adoption, just in time for regulatory frameworks like MiCA to make things even more complicated. 🚀
La Rose says it’s the “right moment” for this rebrand, which is corporate speak for “we’re doing this now because we can’t think of a better time.” So, here’s to Vaulta—may its Web3 banking dreams be as stable as its blockchain. 🥂
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2025-03-18 22:58