The Clearing House will utilize Quant technology to achieve tokenized deposit clearing and settlement

The Clearing House will utilize the provider in the programmable currency infrastructure field, Quant, to provide technical support for its "On-Chain Currency Program." This is a brand new interoperable payment network designed to enable financial institutions of various sizes to clear and settle tokenized deposit transactions.

Quant's technology will support the interoperability, orchestration, and transaction management layer of the network, thereby coordinating the clearing and settlement of tokenized deposit transactions; at the same time, this technology will achieve interoperability with existing fiat payment systems (including RTP® and CHIPS® networks) that financial institutions and their clients use daily. The Clearing House operates the payment network in the United States, processing over $20 trillion in clearing and settlement transactions daily through wire transfers, Automated Clearing House (ACH), check imaging, and real-time payments.

According to market data, Quant (QNT) has risen 342.1% in the past 7 days and 97.6% in the last 24 hours, currently priced at $298.75.