EOS rebrands to Vaulta: Here is what investors should know

Source Fxstreet
  • EOS Network announces its rebranding to Vaulta and its pivot toward Web3 banking.
  • The change will introduce a banking advisory group composed of financial and blockchain experts.
  • The planned token swap allows EOS holders to exchange their tokens at a 1:1 ratio and is expected to occur by May 2025, pending community approval.

EOS (EOS) announces its rebranding to Vaulta and its pivot toward Web3 banking. The change will introduce a banking advisory group composed of financial and blockchain experts. The planned token swap allows EOS holders to exchange their tokens at a 1:1 ratio and is expected to occur by May 2025, pending community approval.

EOS rebrands and shifts focus to Web3 banking

EOS Network announced on Tuesday that it will rebrand to Vaulta, aligning with a strategic shift to Web3 banking. This news generated considerable market interest, which led to a surge in EOS token prices by nearly 15% that day. This rebranding aims to strategically shift to Web3 banking and introduce a banking advisory group composed of financial and blockchain experts.

Vaulta press release mentioned: “The Banking Advisory Council will include several notable thought leaders: Lawrence Truong, Chief Executive Officer - Systemic Trust, Didier Lavalle, Chief Executive Officer - Tetra, Alexander Nelson, Senior Director, Digital Finance - ATB Financial, Jonathan Rizzo, Senior Business Solution Specialist, Digital Finance - ATB Financial.”

Yves La Rose, Founder and CEO of Vaulta Foundation, commented on the press release: “This transformation represents more than just a name change; it’s a decisive step forward in our mission to deliver open, accessible financial access for everyone. Vaulta is the product of years of planning, strategic development, and thoughtful design, culminating in a holistic Web3 banking approach. Web3 has the potential to reshape global finance, and Vaulta is at the forefront of this evolution.”

The planned token swap allows EOS holders to exchange their tokens at a 1:1 ratio and is expected to occur by May 20, 2025, pending community approval.

Overall, the combination of strategic rebranding, positive price movement, and community engagement creates a bullish outlook for EOS as it transitions to Vaulta, which aims to capture the Web3 banking market. However, crypto markets are volatile, and investors should be cautious as macro and global uncertainties reinforce risk-off sentiment for both traditional and crypto markets.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Slides to $111K Ahead of PCE Inflation Data, Faces Monthly DeclineBitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.
Author  Mitrade
Aug 29, Fri
Bitcoin experienced volatile trading on Friday, sliding close to $111,000 as investors awaited critical U.S.
placeholder
ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
Author  Mitrade
Sept 10, Wed
Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.
placeholder
Dollar Weakens and Stocks Stall as Gold Rises Ahead of Fed DecisionOn Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
Author  Mitrade
Sept 17, Wed
On Wednesday, global markets saw the dollar weaken, shares dip slightly, and gold rise to new highs as investors prepared for the Federal Reserve’s anticipated interest rate cut later in the day.
placeholder
Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBCTesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
Author  Mitrade
Sept 26, Fri
Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).
placeholder
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Author  Mitrade
Sept 26, Fri
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
goTop
quote