The partnership centers around FinChain, a virtual asset business launched by Fosun Wealth Holdings.
What to know:
- Vaulta and Fosun Wealth Holdings are partnering to power blockchain infrastructure in Hong Kong’s financial sector.
- Vaulta will provide its BankingOS suite and exSat digital banking platform for asset issuance, yield generation, and crypto payments.
- Fosun will offer its financial licenses and real-world asset issuance capabilities to support the partnership.
Vaulta, formerly known as EOS Network, and its digital banking platform have teamed up with Fosun Wealth Holdings to bring blockchain infrastructure to Hong Kong’s financial sector, the companies said.
The partnership centers around “FinChain,” a virtual asset business launched by Fosun Wealth Holdings, which is part of the Fosun International conglomerate.
That conglomerate includes various businesses, including regional insurance and healthcare leaders in Europe, Asia, and the Americas.
Vaulta will supply its full BankingOS suite, while exSat, Vaulta’s digital banking platform, will serve as the on-chain banking layer for asset issuance, yield generation, and crypto payments, according to a press release shared with CoinDesk.
The deal allows Vaulta and exSat to tap into Fosun’s existing financial licenses and real-world asset (RWA) issuance capabilities, giving them a regulatory springboard to scale blockchain-native banking services.
For Zhao Chen, Director of Digital Assets at Fosun Wealth, the collaboration brings the necessary infrastructure to roll out next-gen financial products.
“Vaulta and exSat bring the product vision and digital banking capabilities we need to make FinChain a reality,” he said in the announcement.
The initiative is part of Vaulta’s broader rebrand and expansion into institutional-grade blockchain finance. The partnership is expected to lead to more collaborations focused on Web3 financial infrastructure across Asia and beyond.
Source: coindesk
