The Clearing House selected Quant (QNT) to support its On-Chain Money Initiative for tokenized deposits. The initiative aims to connect financial institutions to existing payment rails, including RTP and CHIPS, to clear and settle tokenized bank deposits. A launch is planned for early 2027.
QNT rose more than 75% in 24 hours and climbed above $180. The selection highlights Quant’s role in institutional financial infrastructure and the growing use of blockchain in traditional banking. The market response reflects investor interest in the convergence of conventional finance and distributed ledger technology.