The Clearing House Taps Quant to Power On-Chain Money Initiative for 25 Major Banks
Sep 24 2026 17:57 UTC - Generation Infinity
The Clearing House selects Quant to power its On-Chain Money Initiative, giving 25 major U.S. banks a shared network for settling tokenized deposits.
➤ The Clearing House has selected Quant as its technology partner for the On-Chain Money Initiative, aiming to create a shared network for 25 major U.S. banks to settle tokenized deposits.
➤ The initiative focuses on tokenized bank deposits, distinct from stablecoins, representing claims on commercial banks and integrating with existing payment systems like RTP and CHIPS.
➤ This large-scale collaboration aims to establish a standardized interoperability and transaction-management layer for interbank settlement, with a projected rollout in the first half of 2027.
Read more at: https://rwatimes.io/articles/genfinity-the-clearing-house-taps-quant-to-power-on-chain-money-initiative-for-25-major-banks-159437829?utm_source=binance
Sep 24 2026 17:57 UTC - Generation Infinity
The Clearing House selects Quant to power its On-Chain Money Initiative, giving 25 major U.S. banks a shared network for settling tokenized deposits.
➤ The Clearing House has selected Quant as its technology partner for the On-Chain Money Initiative, aiming to create a shared network for 25 major U.S. banks to settle tokenized deposits.
➤ The initiative focuses on tokenized bank deposits, distinct from stablecoins, representing claims on commercial banks and integrating with existing payment systems like RTP and CHIPS.
➤ This large-scale collaboration aims to establish a standardized interoperability and transaction-management layer for interbank settlement, with a projected rollout in the first half of 2027.
Read more at: https://rwatimes.io/articles/genfinity-the-clearing-house-taps-quant-to-power-on-chain-money-initiative-for-25-major-banks-159437829?utm_source=binance