Quant: Tokenized Deposits Shift to Shared Bank Networks
- —The Clearing House's On-Chain Money Initiative launches in H1 2027 on Quant's infrastructure
- —Each bank will manage its own issuance, wallet and custody systems on a shared permissioned network
- —Settlement will occur after final settlement through RTP or CHIPS
- —10–15 systems are at or beyond pilot stage, including Great British Tokenised Deposits and Project Agora
Why it matters: Interbank tokenized deposit networks could challenge stablecoins in settlement and cross-border payments.
Source: Crypto Economy