Hassan Maishera
TL;DR
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EOS has officially rebranded to Vaulta to become a Web3 banking ecosystem.
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Its native EOS token is up 27% in the last 24 hours.
EOS Becomes Vaulta
EOS, the public blockchain launched in 2018 to compete with Ethereum, has officially rebranded to Vaulta. This latest development comes as the project pivots to Web3 banking.
According to the team, the native EOS token can be swapped for the new Vaulta token beginning in May if the proposal is approved. The Vaulta token will be listed on the 136 exchanges where EOS currently trades. However, the team has yet to announce a ticker for the new token.
Finance is evolving. The barriers are breaking. A new standard is emerging.
— EOS Network (@EOSNetworkFDN) March 18, 2025
Introducing Vaulta – bridging traditional banking with the power of Web3. Secure. Scalable. Unstoppable.
Secure your future. The future is now. pic.twitter.com/f81801QpqF
Vaulta will be built around the EOS blockchain’s existing EOSIO software and integrate with exSat, a “docking layer" that brings smart contracts to Bitcoin. The team explained that the cross-chain system would feature 1-second transaction finality and C++ and EVM-compatible smart contracts.
Thanks to the partnerships with Ceffu, Spirit Blockchain, and Blockchain Insurance, the project’s web3 Banking OS will provide various institutional-grade financial services.
EOS also unveiled the Vaulta Banking Advisory Council, which includes members from Systemic Trust, Tetra, and ATB Financial.
EOS was launched in 2018 by Block.one co-founders Dan Larimer and Brendan Blumer. The blockchain once had a market cap of over $18 billion and
Once an $18 billion blockchain, EOS was designed to address the scalability and usability issues of earlier blockchains like Ethereum through a novel delegated proof-of-stake (DPoS) consensus mechanism that offers high transaction throughput and lower user fees.
Despite its initial significant attention, EOS had largely failed to live to expectations. Its blockchain is currently the 16th most active smart contract chain, with the EOS token occupying the 66th place in the crypto market.
The $4.1 billion raised during its ICO made EOS the largest ICO in the cryptocurrency market history. In 2018, it reached an all-time high of $18 billion market cap but has now dropped to $979 million. At press time, EOS is trading at $0.6305, up 27% in the last 24 hours.
