The Clearing House Selects Quant for Tokenized Deposit Settlement Network

The Clearing House has partnered with programmable money infrastructure provider Quant to launch the "On-Chain Money Initiative." This project aims to develop an interoperable payment network that enables financial institutions to clear and settle tokenized deposits while integrating with existing systems like RTP and CHIPS. Quant will provide the infrastructure for interoperability and transaction management to facilitate instant, conditional payments. The network is scheduled to open to participating institutions in the first half of 2027, targeting use cases such as treasury management, liquidity management, and cross-border payments.