The Clearing House selected Quant to provide the interoperability, orchestration and transaction-management layer for its On-Chain Money Initiative, a planned network for clearing and settling tokenized deposits while connecting to existing payment rails including RTP and CHIPS. The network is expected to become available to participating institutions in the first half of 2027. QNT rose about 178% in seven days, including a 72% daily gain, reaching roughly $194 before trading near $178.46. The move followed Quant’s work on a UK tokenized-sterling-deposit project involving Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. The Clearing House’s networks handle more than $2 trillion daily, including approximately $2.014 trillion in average daily CHIPS payment value in 2025, but that figure does not represent transactions Quant will process. The rally has pushed QNT well above its roughly $69.40 200-day moving average, and adoption of Quant’s technology does not necessarily create direct demand for the QNT token.