BREAKING: The Altcoin of Years, Decides to Change Name! It's Going to Change Completely

EOS Network announced a significant rebranding initiative by turning towards Web3 banking and transforming into Vaulta.

As part of the transition, Vaulta established the Vaulta Banking Advisory Council, consisting of finance and blockchain industry experts dedicated to bridging the gap between traditional banking and decentralized financial systems. According to a press release, the council includes executives from Systemic Trust, Tetra, and ATB Financial.

ATB Financial Digital Finance Senior Director Alexander Nelson said, “Vaulta's strategic realignment towards Web3 banking is a significant development for the sector” and added, “This move not only opens the door for traditional funds to enter decentralized finance through Bitcoin, but also paves the way for greater institutional acceptance.”

Vaulta will continue to benefit from the technical infrastructure of the EOS Network, including smart contract architecture, decentralized database, and cross-chain connectivity of blockchains.

The company is also expanding the Web3 banking ecosystem through strategic partnerships, including collaborations with Ceffu, Spirit Blockchain, and Blockchain Insurance. It is expected that other partnerships will be announced in the coming months.

Yves La Rose, Founder and CEO of Vaulta Foundation, said the following:

"This transformation represents more than a name change; it is a determined step forward in our mission to provide open, accessible financial access for everyone. Vaulta is the product of years of planning, strategic development, and meticulous design, resulting in a holistic Web3 banking approach."