In a transformative move, EOS Network does not only change its name to Vaulta but also accelerates its Web3 banking initiatives, focused on wealth management, consumer payments, tokenisation, and insurance.
EOS Network, a high-performance, open-source blockchain platform, has officially rebranded to Vaulta, as the team behind project the expands its vision of innovative Web3 banking. The full transition to the new brand and enhanced capabilities is scheduled for the end of May 2025.
Vaulta is expanding its Web3 banking vision through strategic partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance Inc., focusing on four key financial pillars: Wealth Management, Consumer Payments, Portfolio Management, and Insurance. This transformation, that was carefully developed and nurtured by EOS management for years, establishes a brand-new scalable financial ecosystem.
With the ambitious goal of redefining the banking landscape, Vaulta aims to create not only a scalable but also a secure and inclusive financial ecosystem. Its core technology will be based on EOS’s original foundation, with its C++ smart contract architecture, decentralised on-chain RAM database, and multi-chain interoperability. The network will also integrate with exSat – a proprietary “Docking Layer” platform developed to enhance Bitcoin’s capacities.
exSat basically is an additional blockchain layer acting as a bridge. It allows Bitcoin infrastructure to process more transactions and interact seamlessly with other blockchain apps. Moreover, by integrating with exSat, Bitcoin can support more complex use cases, while Web3 developers can easier create decentralised apps (dApps) that utilise Bitcoin’s security and value. This provides users with faster and more variable and universal services without compromising the core benefits bestowed by Bitcoin crypto and cherished by the community.
The exSat mainnet was successfully launched in late 2024, initially synchronising Bitcoin blocks at a controlled rate. Later on, the blockchain layer focus shifted towards boosting the associated Bitcoin hashrate to augment the network’s capacity and performance. Besides, EOS, aka Vaulta, is continuously enriching the exSat solution. In late 2024, it implemented some key features to intensify Bitcoin’s scalability and interoperability. Those include BTC staking which integrates both Proof-of-Work and Proof-of-Stake algorithms, and XSAT staking, requiring Data Validators to stake XSAT tokens to qualify as validators.
EOS founder and CEO Yves La Rose calls the rebrand more than just a name change — he believes it’s a bold step toward broadening financial access and positioning Vaulta at the forefront of Web3’s evolution. Alongside a token swap, the shift includes the formation of the Vaulta Banking Advisory Council, bringing together top banking and Web3 experts to bridge traditional finance with decentralised systems.
The council’s notable members include Lawrence Truong (CEO, Systemic Trust), Didier Lavalle (CEO, Tetra), Alexander Nelson (Senior Director, Digital Finance, ATB Financial), and Jonathan Rizzo (Senior Business Solution Specialist, Digital Finance, ATB Financial). This team will drive global compliance strategies and identify real-world applications for Vaulta’s financial innovation.
The new name “Vaulta” appears to be a deliberate nod to the concept of a bank vault — a secure place where assets are safely stored. By adopting this name, the rebranded network aims to evoke the traditional values of security and trust that are fundamental in banking, while also signalling its pivot toward a modern, Web3 banking ecosystem, as the global appetite for cryptocurrency and tokenisation of real-world assets has surged along with the public demand for other innovative financial products. According to the company’s vision, this new type of financial system should integrate blockchain technology with traditional financial services and trusted solutions.
The shift also helps distance the platform from some of the legacy associations of its previous identity. The current EOS ecosystem encompasses a diverse range of dApps across various sectors, such as decentralised finance (DeFi), gaming (GameFi), non-fungible tokens (NFTs), and decentralised autonomous organisations (DAOs).
Upon rebranding, Vaulta will turn into a next-generation financial platform that blends traditional banking with blockchain technology. It focuses on four main areas to make digital finance more accessible and secure:
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Wealth Management – helps people and institutions grow their digital assets with secure, high-yield investment options. It combines traditional finance (CeFi) and decentralised finance (DeFi) services so that users can earn passive income on Bitcoin and other cryptocurrencies.
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Consumer Payments – makes it easier for people to spend digital assets in everyday life. With fast transactions and low fees, users can use their Bitcoin and other crypto holdings for real-world purchases without having to sell or exchange them first.
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Portfolio Investment – Vaulta opens up novel investment opportunities by tokenising assets like real estate and commodities. This means people can own small portions of valuable assets that were previously available only to large investors.
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Insurance – digital assets will be protected through partnerships with specialised crypto insurance providers. This helps safeguard against risks like hacks or smart contract failures.
Vaulta also envisions further network development that will prioritise building integrations and solutions aligned with the four key pillars, while business development will concentrate on strengthening partnerships and expanding integrations.
