The Clearing House, a U.S. payment operator, has selected Quant to provide software for its tokenized deposit network, though the role of the QNT token remains unclear.
The bank-owned payment operator selected Quant on September 24 to provide software for its tokenized bank deposit network, which is scheduled to launch in the first half of 2027. Quant will be responsible for connecting systems, coordinating activities, and managing transactions. However, it has not yet been disclosed whether participating banks will be required to purchase or hold Quant's QNT utility token, or use it to pay network fees, leaving QNT's specific role in the project unclear.
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