Clearing House Picks Quant for US Tokenized Deposit Network

The Clearing House has chosen Quant to provide interoperability and transaction management for its On-Chain Money Initiative. The planned network will allow financial institutions to clear and settle tokenized deposits while connecting to existing RTP and CHIPS payment rails.

Participating institutions are expected to gain access in the first half of 2027. This means that banks would not need to choose between existing payment infrastructure and programmable on-chain money, as the two systems could increasingly become part of the same stack.

The Clearing House operates some of the core plumbing of the US financial system, clearing and settling over $2 trillion per day across wire transfers, ACH, checks, and real-time payments. The On-Chain Money Initiative is intended to add tokenized deposits to this environment, using Quant's technology to coordinate how those tokenized deposits move between participating financial institutions.