The Clearing House selected Quant on September 24 to provide interoperability, orchestration and transaction-management software for its On-Chain Money Initiative, a planned network for tokenized commercial-bank deposits expected to become available to participating institutions in the first half of 2027. The network will connect with RTP and CHIPS, support clearing, settlement and automated payments, and offer Tokenized Deposits-as-a-Service to eligible U.S. institutions. QNT later rose 22.7% to $270.88 on $787 million in turnover, while the wider tokenization story included live UK bank transactions, Ondo products based on BlackRock strategies, revised U.S. crypto guidance, European and Japanese regulatory initiatives, and institutional crypto treasury activity. The market response does not establish that banks will use Quant’s network or buy QNT.