started · updated
The Clearing House selects Quant for tokenized deposit network
The Clearing House has selected Quant as the technology partner for its On-Chain Money Initiative. This project aims to integrate tokenized deposits into the United States financial infrastructure by connecting them to existing payment rails, specifically the Real-Time Payments (RTP) and Clearing House Interbank Payments System (CHIPS) networks.
Quant will provide the necessary interoperability, coordination, and transaction-management layers for the network. Unlike public stablecoins, which are liabilities of non-bank issuers, tokenized deposits will remain the legal obligations of the originating bank, maintaining the existing regulatory and banking frameworks while introducing programmable features.
These programmable deposits could automate payments based on predefined conditions, potentially streamlining corporate treasury operations, liquidity management, and cross-border transactions. Participating financial institutions are expected to gain access to the network during the first half of 2027.
Entities
CHiPS · Quant · Quant (QNT) · RTP · The Clearing House
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 6 SOURCES] The initiative aims to integrate tokenized deposits with existing US payment systems like RTP and CHIPS. kriptotarca.hu · www.kriptoworld.hu · thefinancialanalyst.net · www.newsbtc.com · www.tradingview.com
- [● 6 SOURCES] Participating financial institutions are expected to gain access to the network in the first half of 2027. kriptotarca.hu · www.kriptoworld.hu · thefinancialanalyst.net · www.newsbtc.com · www.tradingview.com
- [● 6 SOURCES] The Clearing House selected Quant for its On-Chain Money Initiative. kriptotarca.hu · www.kriptoworld.hu · thefinancialanalyst.net · www.newsbtc.com · www.tradingview.com
- [● 6 SOURCES] Quant will provide the interoperability, coordination, and transaction-management layer for the network. kriptotarca.hu · www.kriptoworld.hu · thefinancialanalyst.net · www.newsbtc.com · www.tradingview.com
- [● 2 SOURCES] The Quant (QNT) token price rose from approximately $70 to near $100 following the announcement. www.kriptoworld.hu
- [● 3 SOURCES] Tokenized deposits will remain obligations of the originating bank, unlike public stablecoins. thefinancialanalyst.net · www.newsbtc.com · kriptotarca.hu