Vaulta, previously often called EOS Community, and its digital banking platform have teamed up with Fosun Wealth Holdings to convey blockchain infrastructure to Hong Kong’s monetary sector, the businesses stated.
The partnership facilities round “FinChain,” a digital asset enterprise launched by Fosun Wealth Holdings, which is a part of the Fosun Worldwide conglomerate.
That conglomerate consists of numerous companies, together with regional insurance coverage and healthcare leaders in Europe, Asia, and the Americas.
Vaulta will provide its full BankingOS suite, whereas exSat, Vaulta’s digital banking platform, will function the on-chain banking layer for asset issuance, yield era, and crypto funds, in line with a press launch shared with CoinDesk.
The deal permits Vaulta and exSat to faucet into Fosun’s present monetary licenses and real-world asset (RWA) issuance capabilities, giving them a regulatory springboard to scale blockchain-native banking companies.
For Zhao Chen, Director of Digital Property at Fosun Wealth, the collaboration brings the mandatory infrastructure to roll out next-gen monetary merchandise.
“Vaulta and exSat convey the product imaginative and prescient and digital banking capabilities we have to make FinChain a actuality,” he stated within the announcement.
The initiative is a part of Vaulta’s broader rebrand and enlargement into institutional-grade blockchain finance. The partnership is anticipated to result in extra collaborations centered on Web3 monetary infrastructure throughout Asia and past.
