In This Article
- What exactly happened with EOS Crypto, and how did that become Vaulta?
- What makes Vaulta viable today when so many projects have fallen off?
- What lessons were learned from the original EOS Crypto Structure?
- How does exSat fit into the broader Bitcoin ecosystem, and is it competing with Ripple or Babylon?
- What’s next for Vaulta and exSat after the conference?
Vaulta, formerly known as EOS Crypto Network, has reemerged with a bold new mission: to power the future of Web3 banking.
At Bitcoin Conference 2025, we sat down with Tristan Dickinson, Chief Marketing Officer of Vaulta, to talk about the project’s evolution, the launch of the exSat Network, and how Vaulta aims to bridge crypto and traditional finance without repeating the missteps of the past.
What exactly happened with EOS Crypto, and how did that become Vaulta?
“The short version: EOS raised over $4 billion in 2018, but the organization behind it, Block.one, failed to reinvest in the ecosystem. That led to a community-led revolt.
In 2021, EOS block producers voted to cut ties with Block.one and launched a new nonprofit foundation under Yves La Rose to regain control. From there, a decentralized, modular structure was born, now known as Vaulta.
The rebrand wasn’t just cosmetic. It marked a shift from mismanagement to community ownership, and from a general-purpose blockchain to a laser focus on Web3 banking infrastructure.”
What makes Vaulta viable today when so many projects have fallen off?
“Three things: tech maturity, product readiness, and market timing. Vaulta’s chain has never gone down in seven years, which is rare in crypto. After a hard fork last fall, block times dropped from four minutes to one second, making it viable for real financial applications.
They’ve also built out a suite of services, most notably exSat, a Bitcoin-focused scaling and banking layer that offers staking, restaking, and yield strategies.”
What lessons were learned from the original EOS Crypto Structure?
“Unlike Block.one, which was for-profit and Cayman-based, Vaulta is structured around a nonprofit foundation funded by token emissions, not venture capital. Governance is decentralized, with 21 block producers needing 15 votes to approve any major changes. No one entity can push decisions through unilaterally, and the goal is clear: grow the network, not extract value.”
How does exSat fit into the broader Bitcoin ecosystem, and is it competing with Ripple or Babylon?
“exSat touches multiple sectors: cross-border transfers, Bitcoin staking, DeFi banking. It’s not direct competition with Ripple, which is targeting SWIFT-scale institutions. exSat is more modular and aims to extend Satoshi’s vision through native tokenomics, mining-based rewards, and trusted custodians like Cephu and Cactus Custody.
The idea is to evolve Bitcoin’s utility without betraying its ideological roots.”
What’s next for Vaulta and exSat after the conference?
“Vaulta’s focus is integrating with banks and fintechs, especially through POCs that can turn into long-term infrastructure deals. Meanwhile, exSat continues to expand its product suite, including Bitcoin lending, debit card integrations, and institutional yield strategies.”
As Tristan put it:
“In 2030, we won’t call it Bitcoin banking. We’ll just call it banking.”
Interview Key Takeaways
- Vaulta, formerly known as EOS Crypto Network, has reemerged with a bold new mission.
- In 2030, we won’t call it Bitcoin banking. We’ll just call it banking.
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