TLDR
- EOS Network has rebranded to “Vaulta” to focus on Web3 banking services
- The token surged 30-50% following the announcement, trading at around $0.65
- Token swap scheduled for May 2025 at a 1:1 ratio, with the swap portal open for four months
- Vaulta will offer wealth management, consumer payments, portfolio investment, and insurance services
- The project will establish a Banking Advisory Council with fintech and web3 representatives to guide development
The EOS Network, once a prominent blockchain that raised $4.1 billion in its 2018 ICO, has announced its rebrand to “Vaulta” as part of a strategic pivot toward Web3 banking services. The announcement, made on March 18, 2025, triggered a sharp price increase of 30-50% for the EOS token, which reached $0.65 according to market data.
The transition to Vaulta is set for the end of May 2025. During this process, EOS token holders will be able to swap their tokens for the new Vaulta token at a 1:1 ratio through a dedicated portal. The swap will be bi-directional for four months, allowing users to exchange in either direction.
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
Vaulta tokens will be listed on the nearly 140 exchanges where EOS currently trades. The token ticker and additional technical details have not yet been revealed and will be announced at a later date according to the company’s statement.
A Fresh Start for EOS
The rebranding marks a fresh start for a project that has faced challenges. Despite its strong debut in 2018 as a potential “Ethereum killer,” EOS has struggled to maintain its early momentum. The token remains down 188% from its all-time high of $22.89 recorded during its peak.
EOS was once ranked in the top 10 cryptocurrencies with a market cap of $17 billion in April 2018. Its current market capitalization stands at approximately $948.85 million, making it the 68th largest cryptocurrency according to CoinMarketCap data.
The platform’s decline can be traced to several factors. The network faced congestion issues and allegations of “mutual voting” that damaged market confidence. Some developers who worked on the project cited a lack of support and direction.
Legal troubles also impacted EOS. The U.S. Securities and Exchange Commission (SEC) filed charges against Block.one, the company behind EOS, for conducting an unregistered securities sale. Block.one settled the case by paying a $24 million fine, a small fraction of the $4.1 billion raised.
Web 3 Banking
The rebrand to Vaulta represents a clear shift in focus. Vaulta’s “Web3 Banking OS” will provide tools for fractional ownership of real-world assets, staking, custody, and Bitcoin yield strategies. The platform aims to bridge the gap between decentralized finance (DeFi) and traditional financial systems.
Vaulta will focus on four core areas: wealth management, consumer payments, portfolio investment, and insurance. The wealth management component will combine centralized and decentralized finance for diversified yield strategies. The consumer payments system will enable cryptocurrency transactions with low fees and sub-1 second finality.
For portfolio investment, Vaulta will use tokenized Real World Assets to connect traditional finance with DeFi. The insurance component will focus on custodial protection and security of digital assets through Blockchain Insurance.
Smart Contracts on Bitcoin
The platform will build on existing EOS technology while making key upgrades. One of the main new features is exSat, which will help further smart contracts on Bitcoin, allowing Vaulta to interact with other blockchain networks. The system will feature one-second transaction finality, C++ compatibility, and Ethereum Virtual Machine compatibility for smart contracts.
Vaulta has formed partnerships to enhance its offerings. Through collaborations with Spirit Blockchain, which enables fractional ownership of real-world assets, and Ceffu, which specializes in custody and yield strategies, Vaulta aims to merge DeFi and traditional finance in what it calls a “secure environment.”
The project will establish a Banking Advisory Council to guide its direction. This council will include fintech and web3 representatives from Systemic Trust, Tetra, and ATB Financial. The advisory group, known as the Vaulta Banking Advisory Council, will help steer the firm in its new direction.
Technical Analysis for EOS
Technical analysis of the EOS price shows the token breaking out from a descending resistance trend line that had been in place for 104 days. The token reached a high of $0.67 following the announcement, representing a 50% increase from its March 11 lows.
Analysts suggest that if the recent price pattern represents the completion of a five-wave downward movement, EOS may have started a corrective upward structure. Target projections indicate the price could reach between $0.80 and $1 in this corrective wave.
The Vaulta rebranding follows a trend of cryptocurrency projects refreshing their identities. Recently, MicroStrategy rebranded to simply “Strategy,” while Worldcoin changed its name to “World” and launched a new version of its iris-scanning Orb.
For EOS holders, the token swap process will begin in May 2025. The current plan will allow investors to exchange their EOS tokens for the new Vaulta Token through a swap portal that will be made available at that time.
