The Clearing House Selects Quant to Support Tokenized Deposit Clearing Network

TechFlow reports that on September 27, per an official announcement from The Clearing House, US clearing house The Clearing House announced its selection of programmable currency infrastructure provider Quant to jointly advance the On-Chain Money Initiative. The initiative aims to build an interoperable payment network that enables financial institutions of all sizes to clear and settle tokenized deposit transactions, and interconnect with existing fiat payment systems, including the RTP® and CHIPS® networks.

Quant will provide the network’s interoperability, orchestration, and transaction management layers, supporting instant settlement and conditional-triggered automated payments to minimize manual operations and delays for bank and corporate clients. The network is expected to launch for participating institutions in the first half of 2027, with application scenarios covering corporate treasury management, liquidity management, cross-border payments, and digital asset settlement.