The Clearing House has selected Quant to provide technical infrastructure for its new On-Chain Money Program, an interoperable payment network designed to clear and settle tokenized deposit transactions for financial institutions. Quant's technology will support the network's orchestration and transaction management layers while enabling connectivity with existing fiat payment systems, including RTP® and CHIPS®.
The Clearing House currently processes over $2 trillion daily in clearing and settlement volume across wire transfers, ACH, check imaging, and real-time payments. Following the announcement, QNT surged 97.6% in 24 hours and 342.1% over the past week to trade at $298.75.
The Clearing House Taps Quant for Tokenized Deposit Settlement Network
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
