Quant Price Surges 299% After Clearing House Partnership

The price of Quant (QNT) has surged by 53% in 24 hours and 299.64% in a week, following an announcement from The Clearing House that it will be partnering with Quant to develop infrastructure for its On-Chain Money Initiative.

The new network will focus on clearing and settling tokenized commercial bank deposits on-chain, as well as facilitating interoperability, transaction monitoring, and connections with existing payment systems.

According to The Clearing House, the network is expected to be accessible to participating institutions by the first half of 2027. This timeline provides a clear roadmap for banks to integrate tokenized deposits into current payment systems.