Quant has been selected to develop the payment infrastructure and banking technology for the UK Tokenized Sterling Deposit (GBTD) project. This initiative, led by UK Finance, involves collaboration with major commercial banks such as Lloyds, Barclays, HSBC, NatWest, Santander, and Nationwide. The project aims to establish a pioneering financial market infrastructure for tokenized deposits in the UK. This follows earlier reports of a pilot project launched by several British institutions to explore tokenized deposits.