Quant Selected for On-Chain Money Initiative by The Clearing House
- The Clearing House has chosen Quant to provide the interoperability and transaction-management layer for its On-Chain Money Initiative.
- The network will enable financial institutions to clear and settle tokenized deposits while integrating with existing RTP and CHIPS payment systems.
- Participating institutions are expected to gain access in the first half of 2027.
- The initiative aims to support corporate treasury, liquidity management, cross-border payments, and digital-asset settlement.
Quant’s involvement marks a shift from a broad banking project toward a specific technology architecture for tokenized deposits, which remain bank liabilities but are managed via blockchain technology. This integration offers a different model from public stablecoins by maintaining the underlying banking relationship.
The On-Chain Money Initiative represents significant infrastructure development within the U.S. financial system, potentially merging traditional payment infrastructure with programmable on-chain money capabilities. (Source)
