Quant secures a key role in US bank payments The Clearing House (@TCHtweets) has selected @quantnetwork to power its On-Chain Money Initiative, a network where banks will clear and settle tokenized deposits. Quant's tech will also connect it to the RTP and CHIPS systems that

What happened

The Clearing House has selected Quant to power its On-Chain Money Initiative, a network where banks will clear and settle tokenized deposits. Quant's technology will also connect that network to the RTP and CHIPS systems.

Confirmed

Global impact / market context

Banks would settle tokenized deposits, which are digital claims on bank money, through Quant's technology. If widely adopted, daily bank payments could move onto shared digital rails, changing how banks process transfers and hold cash for settlement.

Analyst inference

This points to growing bank interest in digital settlement, which means moving money between institutions digitally. Quant gains a role in US bank payment infrastructure, though it is unclear how much revenue this work could generate or how quickly it may proceed.

Analyst inference

What to watch

1. Watch for more details on the On-Chain Money Initiative, including which banks join, what assets are involved, and when the network begins clearing and settling tokenized deposits. Confirmed
2. Watch whether Quant's technology actually connects the On-Chain Money Initiative to the RTP and CHIPS systems, since the article presents this connection as planned rather than completed. Proposed
3. Watch whether this work leads banks to spend more on digital settlement technology, which could create revenue for Quant and shift how payment companies compete for bank customers. Analyst inference

Evidence

• x.com