Quant's QNT Token Surges Over 400% Following Major U.S. Banking Partnership
The Quant Network’s native token (QNT) experienced a dramatic surge of over 400%, rising from $67 on Sept. 21 to nearly $340 by Sept. 28, before retreating slightly to around $235 at the time of writing. The rally was driven by an announcement that The Clearing House (TCH), a major U.S. payments company handling over $2 trillion in daily transactions, selected Quant for its On-Chain Money Initiative. The initiative aims to create an interoperable blockchain-based payment network allowing financial institutions to clear and settle tokenized deposits using existing systems like RTP and CHIPS. The project is expected to launch by mid-2027. This partnership adds to a growing list of institutional endorsements for Quant, including the European Central Bank’s digital euro tests and live transactions in the UK involving major banks. Quant CEO Gilbert Verdian described the deal as pivotal in transitioning traditional finance toward programmable money via tokenized deposits. Analysts suggest QNT could double again if current momentum continues.
Tickers: $QNT
Topics: blockchain payments On-Chain Money Initiative QNT token Quant The Clearing House