BlockBeats News, March 19, the EOS Network posted on social media, stating, "Vaulta is a Web3 banking network designed to bridge the gap between traditional banking and decentralized digital assets. Vaulta focuses on four core areas, bringing real value to institutions and consumers: wealth management, consumer payments, portfolio management, and insurance."
BlockBeats previously reported that at 3:00 on March 19, the EOS Network announced a rebrand to Vaulta, shifting its focus to Web3 banking business. This transformation includes a planned token swap scheduled for the end of May.