The Clearing House Partners with Quant on On-Chain Money Initiative
The Clearing House has selected Quant to power its On-Chain Money Initiative, a new interoperable payments network designed for tokenized deposit transactions. The initiative aims to enable faster and more automated financial processes by leveraging blockchain technology while maintaining connectivity to traditional payment systems like RTP® and CHIPS®. This partnership responds to increasing demand from businesses and banks for improved speed and flexibility in money movement. Tokenized deposits, which are digital representations of bank deposits with the same regulatory protections as traditional ones, will allow transactions to settle instantly and trigger automatically based on predefined conditions. The network is expected to launch by mid-2027. Quant brings experience from deploying similar technology at scale for central banks globally. This collaboration could set a new standard in U.S. financial infrastructure and influence global adoption of programmable money.
Tickers: $QNT
Topics: blockchain interoperability payment networks tokenized deposits