Quant Surges Past $100 on Clearing House Partnership

Quant's price has surged above $100 after The Clearing House selected Quant to power its On-Chain Money Initiative, which aims to create an interoperable payments network for tokenized deposit transactions.

The project will allow financial institutions to clear and settle tokenized deposits using the Quant network's interoperability, orchestration, and transaction-management layers.

The Clearing House expects the network to become available to participating financial institutions in the first half of 2027, with existing payment networks handling over $2 trillion in transactions each day across wire, ACH, check-image, and real-time payments.