$QNT In 1974, a German bank suddenly closed in the middle of a transaction. Its counterparties had already paid, but never got their money back.

Half a century later, $9.6 trillion in currency is traded every day, and the risk remains.

Today, funds are spread across dozens of permissioned blockchains, while DeFi on public chains is fragmented into equally disparate pools of capital.

Whoever solves settlement will lay the foundation for global finance and Web3.