Quant rises over 300% as Clearing House picks it for tokenized deposits

What happened

Quant's QNT token has risen more than 300% from last week's lows and traded near $274 on Sept. 28, Crypto.news reported. The move followed The Clearing House's selection of Quant to power its On Chain Money Initiative, an interoperable payments network designed to let financial institutions clear and settle tokenized deposits. The Clearing House said the network is expected to become available to participating institutions in the first half of 2027.

CoinCentral put the gain at nearly 350%, saying QNT climbed from about $65 to a high near $373 in just seven days. On Monday the token traded around $254, easing slightly after last week's sharp rise. CoinCentral reported the rally started after The Clearing House announced the pick on September 24.

The U.S. deal followed work in the UK, where Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander took part in the Great British Tokenised Deposit initiative, which uses infrastructure developed by Quant. Lloyds, NatWest and Barclays completed two remortgage transactions, while a separate test involving HSBC simulated an online marketplace payment.

Why it matters

The Clearing House operates networks that clear and settle more than $2 trillion each day across wire, ACH, check image and real time payments. CoinCentral said CHIPS alone averaged about $2.014 trillion per day in 2025. Quant will handle the layer that lets the new network interoperate with existing systems, including RTP and CHIPS.

Quant CEO Gilbert Verdian called the pick a major step for programmable money. He said banks were adopting tokenized deposits to move money onchain while keeping deposits inside the regulated banking system.

Trading activity grew with the price. CoinCentral reported futures open interest reached a record $158.80 million, while the funding rate turned slightly negative at -0.0136%, which it said suggests some traders are betting on a pullback.

What the data shows

• Crypto.news reported daily ADX of 47.74 and +DI of 68.80, saying the rally remains backed by strong bullish momentum.
• It placed resistance around $350 to $370 before $400 and the all time high, with $249 to $250 as the immediate support zone.
• CoinCentral said QNT trades well above its 50-, 100- and 200-week moving averages, which sit between $87 and $102, and listed support near $255, $228 and $171.70.

Background

• QNT had already ranked as the strongest weekly performer among the 100 largest cryptocurrencies by Sept. 26, when it was up 61.8% over seven days and traded near $104.57.
• Attention around Quant has continued on Sept. 28 as Sibos 2026 begins in Miami.
• Analyst Ted Pillows said QNT is now built into Murex MX.3, software used by 65 of the world's 100 largest banks, and that the European Central Bank picked Quant to help test the Digital Euro.
• Pillows also said the chart has broken out of a five-year downtrend and that continued momentum could push the price another 2x from current levels, in a post on X.

What is still unclear

• The two outlets give different all time high figures: Crypto.news cites $427.42, while CoinCentral cites $430, set in September 2021.
• The Clearing House said the network is expected to become available to participating institutions in the first half of 2027.

Questions readers ask

Sources

1. 1 CoinCentralQuant (QNT) Price: Token Surges Over 300% After Major US Banking Deal · 28 Sep, 07:30 UTC
2. 2 Crypto.newsQuant price surges over 300% as QNT all time high comes in sight · 28 Sep, 07:46 UTC
3. 3 BlockonomiQuant (QNT) Price: Token Rises Over 300% After The Clearing House Deal · 28 Sep, 09:22 UTC