QNT climbed from about $67 on September 21 to a September 28 high of $340, a gain of more than 400% in seven days, before retreating to around $235. CoinGecko data placed its market capitalization near $3.4 billion. The rally followed The Clearing House's selection of Quant to provide the interoperability and transaction-management layer for its On-Chain Money Initiative, a planned network for financial institutions to clear and settle tokenized deposits while connecting with existing RTP and CHIPS payment systems. The network is expected to go live for participating institutions in the first half of 2027. The Clearing House clears and settles more than $2 trillion daily across wire, ACH and real-time payment networks. The development adds to Quant's institutional activity, including European Central Bank digital euro testing, UK tokenized-sterling deposit transactions and integration with Murex MX.3, a platform used by 65 of the world's 100 largest banks. Crypto analyst Ted Pillows said QNT had broken out of a five-year downtrend and could rise another twofold if momentum holds, while the token remains below its September 2021 record of $427.