EOS Network is rebranding to Vaulta, token swap planned for May 2025

EOS Network has announced that it will rebrand to Vaulta in a pivot to offer modern banking services to Web3 users. In the announcement, EOS Network also mentioned that it will be transitioning officially and launching a new token tentatively in May 2025. 

The blockchain network known for its Web3 applications building use case as well as EVM that emulates the Ethereum blockchain is now transitioning into the financial space in what it calls Web3 banking.

According to the EOS Network, the popularity of cryptocurrency is at an all-time high, with clearer regulation entering the space. It cited these as reasons for the pivot to Vaulta.

In an extensive press release on its website, EOS Network said, “Vaulta is the culmination of strategic development, market observation, and relentless innovation.”

In partnership with Bitcoin banking solution exSat, Vaulta will offer a range of services that, according to the firm, will unlock the potential of Bitcoin and other digital assets.

A New Era of Finance Begins.

After years of building the foundations behind the scenes, we’re excited to introduce Vaulta next frontier of finance Web3 Banking 🏦

With cryptocurrency’s rising popularity, clearer regulations, & growing demand for innovative financial products,… pic.twitter.com/6TLlHR7MCa

— EOS Network (@EOSNetworkFDN) March 18, 2025

A new advisory board to foster partnerships

To ensure that it is entering uncharted waters with preparedness, EOS Network has set up a banking advisory council called the Vaulta Advisory Council. The council consists of seasoned experts in the banking, fintech and Web3 spaces. It also plans to add newer members to the advisory board to build through partnerships, especially in the traditional finance sector.

Notable members of the advisory council are Lawrence Truong, Chief Executive Officer (CEO) at Systemic Trust. Truong was formerly the CEO of Binance Canada.

Other members are Didier Lavallée, CEO, Tetra Trust; Alexander Nelson, Senior Director, Digital Finance at ATB Financial; and Jonathan Rizzo, Senior Business Solutions Specialist, Digital Finance at ATB Financial.

Vaulta’s banking features

Vaulta plans to offer four major banking services through active partnerships with already established businesses.

Vaulta’s wealth management branch plans to leverage centralized finance and decentralized finance tools and partnerships to offer users this service, enabling them to hold, earn, and diversify their portfolios. It intends to use licensed custodians such as Ceffu with asset management functionalities. Through the partnership with eSat, Vaulta users can access comprehensive Bitcoin yield opportunities.

In its consumer payments branch, Vaulta says it will help users perform day-to-day payment transactions and help see increased adoption of crypto for real-world use cases. The feature will see quick settlements and reduced fees, Bitcoin yield spending, which will allow users to receive credit benched against their Bitcoin yield. The feature will also enable remittances and increase digital assets payments and settlements.

Vaulta’s portfolio investment feature enables the application of DeFi in the traditional finance space and enables users to invest in real-world assets (RWA). Vaulta partnered with Spirit blockchain to make this possible. The platform will also enable lending and cross-chain integration. Users can acquire illiquid assets such as real estate and commodities through tokenization.

Finally, Vaulta’s insurance business claims it helps Web3 users understand the risks involved with digital assets. Vaulta also partnered with Blockchain Insurance Inc. to mitigate them. With Vaulta, users can access comprehensive insurance coverage on digital assets, which extends from smart contract vulnerabilities to custodial risks.

The platform has future plans of integrating more features to the platform as it pursues more partnerships with more use cases targeting institutions, developers, individuals investors and blockchains and DeFi projects.

The rise and fall of EOS Network

The EOS network whose whitepaper was released in 2017 by parent company Block.one had one of the largest public initial coin offerings (ICO) ever, raising over $4.1 billion and distributing 1 billion EOS tokens. This made it one of the top-ranking blockchains by market cap, but over the years, the market value of EOS tokens has dropped as the project navigated waters, including an SEC fine in 2019 over its unregistered ICO.

The parent company Block.one had corruption accusations and alleged tampering of the blockchain’s governance feature. In 2021, the EOS Network Foundation (ENF)  took over the operations of the network from the founders Block.one thereby cutting ties with them due to the controversies and mismanagement of the platform.

The ENF led by Yves La Rose has been able to chart the company through the waves since then. Given its checkered past, it’s not strange that EOS Network is taking a new direction with its rebrand. According to Yves La Rose in a post on X (formerly Twitter), “Rebranding from EOS to Vaulta is a defining moment, not just in name but in purpose. For years, we’ve been building towards a financial future rooted in Web3 banking, open finance, and real-world blockchain utility. EOS was the beginning, Vaulta is the future.”

Rebranding from #EOS to Vaulta is a defining moment, not just in name but in purpose. For years, we’ve been building towards a financial future rooted in Web3 banking, open finance, and real-world blockchain utility.

EOS was the beginning, #Vaulta is the future. https://t.co/mqWc98omtp

— Yves La Rose (@BigBeardSamurai) March 18, 2025

This signifies a change in the mission of EOS and highlights its readiness to play in the financial space.

According to the firm, holders of the EOS token aren’t left out of the party as they get to swap their tokens for the Vaulta token upon launching of the token swapping portal in May.

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