Reasons for EOS Coin Rebranding to Vaulta: Focus on Web3 Banking
2025-03-19
Bittime - EOS officially changed its name to Vaulta to strengthen its focus on Web3-based banking. In this transition, EOS will launch a new digital asset, where EOS holders can exchange their tokens at a 1:1 ratio starting in May 2025.
Connecting Traditional Finance and DeFi
Vaulta aims to be a link between traditional finance (TradFi) and decentralized finance (DeFi). The project will integrate Bitcoin, real asset tokenization (RWA), and fast transactions in seconds. Vaulta has also partnered with exSat, a Bitcoin layer with more than $557 million in locked funds.
Regulatory Challenges and Professional Support
Web3 banking is full of regulatory challenges, but Vaulta is backed by advisors from Systemic Trust, ATB Financial, and Tetra Trust. This shows Vaulta's seriousness in building a financial platform that complies with regulations but remains innovative.
Returns and Strategic Cooperation
Vaulta promises returns (APY) of up to 17% for stakers. Additionally, they collaborate with Ceffu and Spirit Blockchain to support yield strategies, fractional asset ownership, and blockchain-based insurance solutions.
Process of Exchanging EOS Tokens to Vaulta
Starting May 2025, EOS holders can exchange their tokens through the official portal. Centralized crypto exchanges will facilitate this conversion, and the swap process will be two-way for four months.
Also read: Bitcoin Vs Gold Investment in 2025: Which Makes More Money?
EOS Price Movement
On March 18, 2025, the price of EOS rose 15% to $0.5756 with global trading volume reaching $169 million. Even so, EOS is still down 41.4% on-year and 97.5% below its 2018 peak.
Conclusion
Rebranding to Vaulta is a strategic move for the future of Web3 banking, with a focus on collaboration, Bitcoin integration and the potential for attractive returns.
FAQ
When does EOS to Vaulta swap start?
Swaps start in May 2025 via a dedicated portal.
What are the advantages of Vaulta over EOS?
Vaulta focuses on Web3 banking, Bitcoin integration, and offers up to 17% APY.
Will Vaulta be available on crypto exchanges?
Yes, the swap process will be supervised and facilitated by a centralized crypto exchange.
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Reference
News Bitcoin, EOS Rebrands as Vaulta, Introduces New Token for Bitcoin-Centric Financial Ecosyste, accessed March 19, 2025.
Author: MF
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