ChainCatcher message, EOS Network announced on social media that Vaulta is a Web3 banking network aimed at bridging the gap between traditional banking and decentralized digital assets. Vaulta focuses on four core areas to bring real value to institutions and consumers: wealth management, consumer payments, portfolio management, and insurance.Previously, EOS Network announced it would be rebranded as Vaulta, shifting its focus to Web3 banking services. This transformation is accompanied by a token swap expected to be arranged by the end of May.

ChainCatcher news, EOS Network announced its transformation towards Web3 banking, and the brand will be renamed Vaulta. On one hand, it will provide blockchain-based services customized for banks; on the other hand, it will offer a broader financial ecosystem, including exSat's Bitcoin banking solutions, blockchain insurance, tokenized real-world assets, and more.This transformation includes a token swap, tentatively scheduled for the end of May. In addition, Vaulta will establish a Banking Advisory Committee, composed of experts from the finance and blockchain industries, dedicated to bridging the gap between traditional banking and Web3. Members will include executives from Systemic Trust, Tetra, and ATB Financial.Vaulta plans to retain the EOS network's technological infrastructure, including smart contract architecture, decentralized databases, and cross-chain connectivity, as part of its Web3 banking initiative. The platform will integrate with exSat, which focuses on Bitcoin digital banking solutions.Furthermore, Vaulta also plans to collaborate with partners including Ceffu, Spirit Blockchain, and Blockchain Insurance, with strategic partnerships expected to be announced in the coming months.