The Clearing House, owned by the largest US banks, just picked Quant's software for its tokenized deposit network.

The press release never mentions the QNT token. The market is bidding it anyway, up 7.1% on the thesis that Quant's license fee—charged in QNT—will be enormous for a deal this size.

This entire rally to the daily high at 279.00 is a front-run of a single number that isn't public.

Is this real institutional demand beginning, or is this just the exit liquidity?

$QNT