QNT
−7.5%Quant Selected by US Bank Group for Tokenized Deposit Network
Image: CryptoSlateUS bank-owned payments operator The Clearing House has selected Quant to supply software for its planned tokenized deposit network, part of the June-announced On-Chain Money Initiative. Quant will run the network's interoperability, orchestration and transaction management layer, and connect it to existing RTP and CHIPS payment systems. The network is set to open to participating institutions in the first half of 2027. Quant also plans to offer Tokenized Deposits-as-a-Service to US institutions without their own tokenized deposit tools.
Key points
- The Clearing House selected Quant for its planned tokenized deposit network.
- Quant will run the network's interoperability, orchestration and transaction management layer.
- The network will connect to The Clearing House's existing fiat payment systems.
- Neither announcement requires participating banks to buy, hold or pay fees in QNT.
- Quant plans to offer Tokenized Deposits-as-a-Service to qualifying US institutions.
Why it matters
The initiative lets banks clear and settle tokenized deposit transactions, which are bank-issued claims unlike public stablecoins. The network's link to existing fiat systems lets bank money move between on-chain and conventional payment infrastructure.
What's unclear
The date of QNT's $373 intraday high is reported as September 27 by Blockonomi and September 28 by CryptoSlate.
Neither announcement clarifies whether QNT will be required for network operations or fee payments.
Price context · QNT
At publication
$236.67
Now
$236.67
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Blockonomi
Tier 3
Quant Selected by The Clearing House for US Tokenized Deposit Network
Coverage timeline
- First reported by CryptoSlate
- Confirmed by Blockonomi
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
