Vault, previously known as EOS Network, and their digital banking platform have been associated with Fosun Wealth Holdings to carry the blockchain infrastructure to the financial sector of Hong Kong, the companies said.
The association focuses on “Finchain”, a virtual asset business launched by Fosun Wealth Holdings, which is part of the international conglomerate of Fosun.
This conglomerate includes several companies, including regional insurance and medical care leaders in Europe, Asia and America.
Vaulta will supply its complete Bankingos suite, while Exsat, the Vaulta Digital Banking Platform, will serve as the bank layer in the asset emission chain, the generation of performance and cryptographic payments, according to a press release shared with Coindeesk.
The agreement allows Vaulta and Exsat to take advantage of the existing financial licenses of Fosun and the real -world asset issuance capacities (RWA), giving them a regulatory springboard to climb Native Bankchain banking services.
For Zhao Chen, director of digital assets of Fosun Wealth, collaboration brings the necessary infrastructure to implement next generation financial products.
“Vaulta and Exsat bring the vision of the product and the digital banking capabilities that we need to realize Finchain,” he said in the announcement.
The initiative is part of the broader brand change and expansion in institutional blockchain finance. The association is expected to lead to more collaborations focused on web3 financial infrastructure in Asia and beyond.
