The Clearing House, a bank-owned U.S. payments operator, selected Quant on September 24 to provide software for a planned network that will clear and settle tokenized commercial-bank deposits. Expected to become available to participating institutions in the first half of 2027, the initiative is designed to connect on-chain bank money with established payment systems including RTP and CHIPS, supporting immediate settlement and condition-triggered payments. Quant will provide connectivity, orchestration, transaction management and Tokenized Deposits-as-a-Service for institutions without their own capability. The announcements do not require participating banks to acquire, hold, use or lock up Quant's QNT utility token, leaving software revenue and token demand as separate questions. QNT nevertheless surged amid the news, with market reports placing its rise from roughly $60 to more than $370 within a week, daily trading volume above $1 billion and short liquidations of about $17.2 million. Quant's technology has also supported operational tokenized-sterling-deposit transactions involving Barclays, HSBC UK, Lloyds and Santander, while its international work includes collaborations involving Dentsu Soken, Project Rosalind and the European Central Bank's digital euro initiative.