Vaulta Secures $60 Million in Funding on April 13, 2023
According to media reports, Vaulta raised $60 million in financing on April 13, 2023. The round was led by DWF Labs. Following this investment, Vaulta’s cumulative funding reached $4.06 billion.Vaulta is a highly scalable, high-performance banking operating system designed to deliver superior speed, reliability, and flexibility for developers and enterprises. As a gateway to the Bitcoin ecosystem, Vaulta pioneers decentralized data management through its RAM market and redefines financial infrastructure by integrating Web3 banking with institutional-grade performance.Notably, Vaulta is the result of a brand transformation from EOS, with plans to retain the EOS network’s technological foundation, including its smart contract architecture, decentralized database, and cross-chain connectivity. According to its development roadmap, Vaulta will focus on wealth management, consumer payments, portfolio management, and insurance.Reflecting on its history, Vaulta (formerly EOS) was first listed for trading in July 2017. In May 2018, it raised $4 billion through an ICO and successfully launched its mainnet in June 2018. Recently, to support brand restructuring and token replacement, several major exchanges have begun adjusting their services accordingly. Per the latest updates, EOS tokens will be exchanged for A tokens at a 1:1 ratio. This series of strategic initiatives underscores Vaulta’s strong commitment to driving innovation in blockchain-based finance.
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