SoFi just gave consumers a tokenized deposit: 4.40% APY, FDIC-insured, convertible 1:1 into its stablecoin. Banks are shipping this RWA lane now. $QNT is the token crypto traders tie to it, and it is up ~15% in 24h.
★ What SoFi launched (Oct 22)
→ Each SoFi Earn (SOFIE) token is one dollar on deposit at SoFi Bank.
→ It converts 1:1 into SoFiUSD to buy crypto or move funds onchain 24/7. The stablecoin itself pays nothing.
→ SoFi's pitch: Fed research puts ~$64B, or 21.2% of stablecoins, idle in inactive wallets.
★ The bank pipeline
→ The Clearing House picked Quant on Sep 24 to power the interoperability layer of its tokenized deposit network, linked to the RTP and CHIPS rails. TCH clears $2T+ a day. Launch is set for H1 2027.
→ JPMorgan's deposit token has run on Base since Nov 2025.
→ Five regional banks, including Huntington, M&T and KeyBank, chose ZKsync for the Cari network.
★ The token (CoinGecko, CoinGlass)
→ ~$213 now, ~+250% in 3 months: a $55.9 close on Aug 18, a $373 high on Sep 27, a $179 close on Oct 24.
→ Today's move is futures-led: $784M futures volume vs $85M spot in 24h. OI +22% on Binance and +38% on Bybit.
→ Liquidations were small ($1.04M, $719K of it shorts) and funding is flat. That's new positions, not a squeeze.
→ Binance long/short accounts went from 0.93 on Saturday to over 1.2.
→ Caveat: SoFi's release doesn't name Quant, and TCH's never mentions the QNT token. Nothing ties network fees to it. Trackers also disagree on supply: CoinGecko counts 14.56M circulating ($3.10B), CoinGlass 12.07M ($2.59B).
Tokenized deposits are clearly coming. Do they need QNT, or just Quant the company?
★ What SoFi launched (Oct 22)
→ Each SoFi Earn (SOFIE) token is one dollar on deposit at SoFi Bank.
→ It converts 1:1 into SoFiUSD to buy crypto or move funds onchain 24/7. The stablecoin itself pays nothing.
→ SoFi's pitch: Fed research puts ~$64B, or 21.2% of stablecoins, idle in inactive wallets.
★ The bank pipeline
→ The Clearing House picked Quant on Sep 24 to power the interoperability layer of its tokenized deposit network, linked to the RTP and CHIPS rails. TCH clears $2T+ a day. Launch is set for H1 2027.
→ JPMorgan's deposit token has run on Base since Nov 2025.
→ Five regional banks, including Huntington, M&T and KeyBank, chose ZKsync for the Cari network.
★ The token (CoinGecko, CoinGlass)
→ ~$213 now, ~+250% in 3 months: a $55.9 close on Aug 18, a $373 high on Sep 27, a $179 close on Oct 24.
→ Today's move is futures-led: $784M futures volume vs $85M spot in 24h. OI +22% on Binance and +38% on Bybit.
→ Liquidations were small ($1.04M, $719K of it shorts) and funding is flat. That's new positions, not a squeeze.
→ Binance long/short accounts went from 0.93 on Saturday to over 1.2.
→ Caveat: SoFi's release doesn't name Quant, and TCH's never mentions the QNT token. Nothing ties network fees to it. Trackers also disagree on supply: CoinGecko counts 14.56M circulating ($3.10B), CoinGlass 12.07M ($2.59B).
Tokenized deposits are clearly coming. Do they need QNT, or just Quant the company?
