Yves La Rose, CEO of EOS Network, on The History EOS Network, EOS Rebranding to Vaulta, and Scaling Bitcoin | Ep. 424

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March 26, 2025 05:13 EDT

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Yves La Rose, CEO of the EOS Network Foundation, joined the Cryptonews Spotlight Podcast to discuss EOS’s rebranding to Vaulta, lessons from its early days, and the future of Web3 banking.

In this wide-ranging conversation, La Rose breaks down what went wrong with EOS, how the community took control, and why now is the perfect time to relaunch with a new vision for real-world financial infrastructure built on-chain.

The Fall and Rise of EOS

“The company that ran the ICO made a lot of commitments and promises… and they essentially took the capital and ran.”

Yves recounted the story of EOS’s historic $4 billion ICO – the largest in history – and how the project stalled when the founding company abandoned its commitments. With no central foundation or funding, EOS suffered from a lack of direction, fractured community support, and slow ecosystem development. Eventually, the community itself formed the EOS Network Foundation, which Yves now leads.

Introducing Vaulta: The New Name and Mission

“The new name for EOS is going to be Vaulta… It signals a rebirth and a focus on Web3 banking.”

After four years of work rebuilding the network, EOS is rebranding to Vaulta, a name that evokes security, reliability, and financial utility. The name draws inspiration from “vault,” “ledger,” and Alexander Volta, the inventor of the battery – symbolizing power, innovation, and new potential.

Why the Rebrand Now?

“We didn’t create EOS. The original vision wasn’t ours. Vaulta is who we are and where we’re going.”

Vaulta’s rebrand is more than cosmetic – it represents a strategic reset, aligning the network’s branding with its mission to power the next generation of digital financial services, including payments, asset tokenization, and DeFi infrastructure.

EOS to Vaulta Token Swap: What Users Need to Know

“We’re coordinating with 200 exchanges… it’s effectively a delist and relist.”

The token swap from EOS to Vaulta will be 1:1 and is expected to go live around late May, with a full rollout coordinated across exchanges and wallets. Vaulta will also provide a dedicated swap portal for users holding assets off centralized exchanges.

The New Era of Finance and Vaulta’s Role

“We’re trying to meet the market at a time when supply and demand are finally aligned.”

La Rose believes that the crypto landscape is entering a new phase, with institutional capital returning, regulatory clarity improving, and real-world use cases gaining traction. Vaulta is being positioned to offer enterprise-grade infrastructure for DeFi and banking, especially as more users look to do more with their assets beyond holding.

Scaling Bitcoin with EXAT

“EXAT is our Bitcoin scaling solution. It currently holds $650M in TVL and 6,000 BTC.”

Vaulta isn’t just rebranding – it’s building. One of its core technologies, EXAT, is a Bitcoin transport layer that allows BTC holders to stake, earn, and interact with DeFi apps – without moving away from Bitcoin’s security guarantees.

Four Pillars of Vaulta’s Web3 Banking Vision

Wealth Management

“Think of Delta neutral strategies that generate yield on your Bitcoin – before the year ends, you can even spend against that yield.”

Vaulta is building tools that will allow users to earn yield on their crypto assets through staking and automated trading and even borrow against their projected yield.

Consumer Payments

“Imagine a credit card funded by the yield on your Bitcoin – spending without selling your assets.”

Vaulta is working on crypto-backed debit and credit solutions, enabling users to spend yield or borrow against crypto without triggering taxable events.

Asset Tokenization

“People are tokenizing everything – real estate, gold, carbon credits. We’re opening the infrastructure for that.”

Vaulta supports real-world asset (RWA) tokenization, allowing users to invest in on-chain versions of traditionally illiquid assets.

Insurance

“We’re building the world’s first digital asset captive – to help builders get banking and insurance.”

To support entrepreneurs, Vaulta is developing insurance products and banking integrations that provide the financial infrastructure most startups struggle to access.

Why Bitcoin DeFi Is the Next Frontier

“Bitcoin is a $1T asset that’s mostly idle. Vaulta gives it utility.”

Vaulta is positioning itself as a bridge between Bitcoin and DeFi, enabling BTC holders to earn, lend, and pay—without compromising on decentralization or security.

What’s Next for Vaulta

“We’ll be announcing the token swap at Bitcoin 2025 in Las Vegas. The ticker will be revealed closer to the event.”

With a full token swap, new ecosystem tools, and Web3 financial infrastructure rolling out, Vaulta is aiming to become the operating system for crypto-native banking and asset management.