Clearing House Partners with Quant for Tokenized Deposits
The Clearing House uses Quant's tech to launch real-time tokenized deposits network by 2027.
In brief
The Clearing House uses Quant's tech to launch real-time tokenized deposits network by 2027. The Clearing House partners with Quant to create a tokenized deposits network that settles payments instantly by early 2027. Originally reported by Pymnts.
New Partnership
The Clearing House selected Quant to power its On-Chain Money Initiative.
What It Does
It enables instant payments and automatic transactions for banks and customers.
How It Works
Quant's tech connects existing payment systems and manages tokenized deposits.
Why Now
The initiative supports growing demand for tokenized deposits globally.
Timeline
The Clearing House plans to launch the network in early 2027.
What's Next
The network will settle payments in real time across financial institutions.
The essence
The Clearing House partners with Quant to create a tokenized deposits network that settles payments instantly by early 2027.
