Institutional markets now targeted by EOS's rebranded entity, Vaulta, with the aim of dominance.
Vaulta, the rebranded version of EOS, is set to revolutionize the financial sector by offering a specialized platform for Web3 financial services. This shift in focus signifies Vaulta's ambition to attract traditional financial institutions and transform into a "Web3 banking" platform.
The new Vaulta token will have utility beyond simple transactions, encompassing governance, staking rewards, and access to premium functions. It will play a central role in the platform's economy, facilitating transactions, rewarding participants, and governing the future development of the network.
Vaulta provides tools and services enabling financial institutions to integrate blockchain technology into their existing operations without significant changes. The platform offers a robust infrastructure for the creation and management of decentralized financial products such as loans, insurance, asset management, and payments.
To ensure the continuity and stability of the platform, the successful migration of existing EOS tokens to the new Vaulta token is essential. EOS holders must follow a specific process to convert their old tokens into the new Vaulta token, which typically involves registering on a designated platform and meeting KYC verification requirements.
Vaulta has been designed to comply with applicable financial regulations, making it easier for financial institutions to adopt. The platform emphasizes regulatory compliance, security, and scalability to gain the trust of these institutions.
Additional security measures have been implemented on Vaulta, including advanced encryption techniques, firewalls, intrusion detection systems, and periodic security audits. The platform also utilizes cutting-edge technologies to increase its processing capacity and reduce transaction confirmation times, improving scalability.
Vaulta aims to differentiate itself from other DeFi platforms by offering maturity and stability needed to attract institutional markets. The platform plans to develop an ecosystem for the creation and use of decentralized financial applications (dApps) specifically designed for the banking sector.
Institutions capable of financing the Vaulta project to support the development and establishment of the "Web3 Banking" platform include venture capital funds, private investors, banks interested in fintech partnerships, and crowdfunding via ICOs (Initial Coin Offerings) or token sales commonly used in the crypto and blockchain space. Additionally, regulatory-approved financial services associations and fintech networks can facilitate investment connections and partnerships.
By rebranding to Vaulta, the platform introduces a new token, the Vaulta token, which will replace the original EOS token. Vaulta's goal is to offer decentralized financial solutions compatible with banking regulations. The platform's focus is on attracting traditional financial institutions and offering a secure, scalable, and regulatory-compliant platform for the creation and management of decentralized financial products.
