Quant Skyrockets Over 300% as US Banking Giant Embraces Blockchain Connectivity

Quant (QNT) has experienced a significant surge of over 300% after securing a major partnership with US banking giant The Clearing House. This deal will see Quant support tokenized deposit interoperability infrastructure for The Clearing House's On-Chain Money Initiative.

The project aims to enable participating banks to clear and move digital assets more efficiently, connecting with established payment systems like RTP and CHIPS.

Quant's technology will sit close to key financial infrastructure, with The Clearing House processing over $2 trillion in daily transaction volume. This marks another important step for Quant's banking ambitions, following previous work in the United Kingdom.

Futures open interest has reached a record $158.8 million, suggesting strong participation from speculative traders. However, funding rates have recently turned slightly negative, indicating some traders expect a near-term correction.