đšđ„: BREAKING : The Clearing House has selected Quant to power its On-Chain Money Initiative, a new interoperable payments network for clearing and settling tokenised deposits among US financial institutions. $BREW $PHA
Quant's Role
Quant will provide the interoperability, orchestration, and transaction-management layer, connecting the tokenised deposit network to existing fiat rails like RTPÂź and CHIPSÂź. It will also offer a Tokenised Deposits-as-a-Service (TDaaS) solution for banks lacking their own capability.
Key Details
· Availability: Expected for participating institutions in the first half of 2027.
· Backers: The Clearing House is owned by 25 major banks, including JPMorgan, Bank of America, Citi, and Wells Fargo.
· Purpose: Aims to enable 24/7 programmable payments for corporate treasury, cross-border payments, and digital asset settlement.
This builds on Quant's existing work with the UK's tokenised deposit program, positioning it as a transatlantic infrastructure provider
Quant's Role
Quant will provide the interoperability, orchestration, and transaction-management layer, connecting the tokenised deposit network to existing fiat rails like RTPÂź and CHIPSÂź. It will also offer a Tokenised Deposits-as-a-Service (TDaaS) solution for banks lacking their own capability.
Key Details
· Availability: Expected for participating institutions in the first half of 2027.
· Backers: The Clearing House is owned by 25 major banks, including JPMorgan, Bank of America, Citi, and Wells Fargo.
· Purpose: Aims to enable 24/7 programmable payments for corporate treasury, cross-border payments, and digital asset settlement.
This builds on Quant's existing work with the UK's tokenised deposit program, positioning it as a transatlantic infrastructure provider
