Don’t put the cashflow from a traditional payments clearinghouse into the name of an on-chain network that hasn’t opened yet.
On September 24, The Clearing House selected Quant to take charge of interoperability, orchestration, and transaction management for its tokenized deposits program. The new network is expected to open to institutions only in the first half of 2027. The “average daily over $2 trillion” mentioned in the announcement refers to TCH’s existing wire, ACH, check image, and real-time payments networks—not on-chain volume that this plan has already generated. The big number is real; the attribution can’t be swapped.
What’s confirmed now is that Quant has secured a supplier spot. The list of participating institutions, project transaction volume, and the fees or lock-up rules associated with $QNT have not been disclosed. Only after the independent transaction volumes, participants, and token usage mechanisms of the new network are published can there be evidence that banks adopted it to connect to token demand.
On September 24, The Clearing House selected Quant to take charge of interoperability, orchestration, and transaction management for its tokenized deposits program. The new network is expected to open to institutions only in the first half of 2027. The “average daily over $2 trillion” mentioned in the announcement refers to TCH’s existing wire, ACH, check image, and real-time payments networks—not on-chain volume that this plan has already generated. The big number is real; the attribution can’t be swapped.
What’s confirmed now is that Quant has secured a supplier spot. The list of participating institutions, project transaction volume, and the fees or lock-up rules associated with $QNT have not been disclosed. Only after the independent transaction volumes, participants, and token usage mechanisms of the new network are published can there be evidence that banks adopted it to connect to token demand.