Quant Price Explodes Amid Growing Banking Industry Ties

Quant's token price exploded by almost 200% last week, surprising even seasoned traders. But according to crypto analyst Greg Lunt, this rally is not just a short-term phenomenon. Lunt points out that Quant has been building deep connections with the banking industry, central banks, and financial infrastructure over the past year.

One of the key developments involves The Clearing House, a payments company owned by major US banks like JPMorgan Chase, Bank of America, Citi, and HSBC. Quant was selected to help connect its new blockchain-based tokenized deposit network, giving it exposure to infrastructure close to traditional banking.

Quant's involvement is not limited to commercial banking. The company has worked with the Bank of England and Bank for International Settlements on Project Rosalind, an experiment focused on how a retail central bank digital currency could interact with private-sector payment applications. Quant supplied blockchain infrastructure, interoperability technology, and smart contracts for the project.

Lunt also highlighted Quant's presence in several other major markets, including Europe, Latin America, and Japan. The company has integrated with Nexi's European payments infrastructure, LACChain, and Dentsu Soken, a Japanese technology company whose financial systems connect with infrastructure like BOJ-NET and SWIFT.