Vaulta, previously referred to as 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 mentioned.
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 contains 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 accordance with a press launch shared with CoinDesk.
The deal permits Vaulta and exSat to faucet into Fosun’s current 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 required 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 mentioned within the announcement.
The initiative is a part of Vaulta’s broader rebrand and growth into institutional-grade blockchain finance. The partnership is anticipated to result in extra collaborations centered on Web3 monetary infrastructure throughout Asia and past.
