The Clearing House taps Quant for tokenized deposit network
Quant will provide the interoperability and transaction layer for The Clearing House's On-Chain Money Initiative, with access expected in H1 2027.
The Clearing House has chosen Quant to supply the interoperability and transaction-management layer for its On-Chain Money Initiative, according to the company's announcement. The project is aimed at building a network where financial institutions can clear and settle tokenized deposits.
Under the plan, the tokenized deposit network would connect to the payment infrastructure that banks already use, including the RTP network and CHIPS. That link is intended to let participating institutions move between tokenized deposits and existing payment rails rather than operating in a separate environment.
Timeline and access
- The Clearing House selected Quant as the interoperability and transaction-management provider.
- The network is designed for clearing and settling tokenized deposits among financial institutions.
- It is expected to connect to the RTP and CHIPS payment rails.
- Participating institutions are expected to gain access in the first half of 2027.
Tokenized deposits are a bank-issued alternative to stablecoins, representing customer deposits on a distributed ledger while remaining inside the regulated banking system. Several large banking consortia have been exploring shared settlement infrastructure in recent years, and the choice of a vendor for the interoperability layer marks a step from study toward build-out for this particular effort.