Quant (QNT) surges 322% on bank tokenized deposit deals

Quant (QNT) rose 322% in the last seven days, reaching $257.69. The token also added 52% in a single day, placing it among the best performers over that period.

The price move came after two announcements on September 24. Each one linked Quant's technology to tokenized deposit networks run by banks in the United States and Britain.

The Clearing House enlists Quant for US banking system

The Clearing House, which is controlled by 25 of the biggest US banks, chose Quant to run the technology behind its On-Chain Money Initiative. That program was announced in June with support from Bank of America, Citi, JPMorgan, and Wells Fargo.

The initiative is a shared network intended to clear and settle tokenized deposits among banks 24/7. Tokenized deposits are digital representations of bank deposits that retain the same safeguards and regulation as traditional deposits.

Quant will supply the network's interoperability, orchestration, and transaction-management layer. The technology will also connect the network to existing fiat payment systems such as RTP and CHIPS.

The Clearing House anticipates the network will become available to participating banks in the first half of 2027. Its current networks already process more than $2 trillion daily.

Quant founder and CEO Gilbert Verdian described the deal in a worldwide context.

“Tokenized deposits are now the de facto way banks move money on-chain, and The Clearing House sits at the heart of the U.S. banking system, meaning this partnership sets a standard for the rest of the world to follow,” Verdian said.

UK Finance announces live tokenized deposit transactions on same day

Also on September 24, UK Finance announced what it described as the first customer transactions using tokenized sterling deposits. The pilots operated on a shared platform that Quant built for the Great British Tokenised Deposit (GBTD) initiative.

Participating banks include Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander. The initial transactions involved two remortgage completions and one marketplace purchase. In each case, funds were frozen and freed automatically when conditions were satisfied.

Separately, analyst Ted Pillows highlighted previous collaborations on X. Those include Quant's March integration with Murex's MX.3 platform. He also mentioned that the European Central Bank (ECB) selected Quant to assist in testing the digital euro.

According to Quant's 2025 announcement, it was among roughly 70 ECB pioneer partners. Pillows also noted that QNT has broken out of a five-year downward trend. He predicted it could double from around $187, its price at the time of his post.

“If momentum continues, QNT could pull another 2x from its current level,” the analyst said.

That would bring the altcoin to around $373, still roughly 13% below its $427.42 record high from September 2021.