US bank group taps Quant for tokenized deposits, but QNT's role is left in doubt
- —The Clearing House picked Quant on Sept. 24 for the layer connecting systems and managing transactions
- —The tokenized deposit network is expected to open to participating banks in the first half of 2027
- —QNT hit an intraday high of $373 on Sept. 27, then fell to $195.35 on Sept. 28
- —Neither Quant nor The Clearing House confirmed that banks must use QNT
Why it matters: The deal cements Quant's role in bank infrastructure, but without rules tying activity to QNT, token demand remains unresolved.
Source: CryptoSlate