Quant said it will provide technical support for The Clearing House's on-chain money initiative, handling network interoperability, orchestration, and transaction management while connecting existing fiat payment systems such as RTP and CHIPS. According to Odaily, the network will provide financial institutions with clearing and settlement capabilities for tokenized deposit transactions, support instant settlement, and automatically trigger transactions once preset conditions are met. It is expected to open to participating institutions in the first half of 2027. The Clearing House's U.S. payment network processes more than $2 trillion in clearing and settlement transactions each day.