Quant (QNT) is supplying technology to tokenized deposit initiatives underway in the United States and the United Kingdom, participating in building digital payment infrastructure for financial institutions. In the US, a network connecting with existing payment systems is being prepared, while in the UK, actual customer transactions have already taken place.

Quant Selected as Technology Provider for US TCH 'Onchain Money Initiative'

The Clearing House (TCH) in the United States selected Quant on September 24 as a company to provide the technology needed for its 'Onchain Money Initiative.' The network is designed to allow financial institutions to clear and settle tokenized deposit transactions, with participant institutions targeting the first half of 2027 for the start of usage.

Quant is responsible for technology that connects different systems and coordinates transaction processing. It also reportedly supports connections with RTP and CHIPS, the existing dollar payment networks. This is an approach that links tokenized deposit transactions with the legacy payment systems used by financial institutions.

UK GBTD Conducts Actual Customer Transactions on Quant's Shared Platform

Customer transactions took place in GBTD, the UK's sterling tokenized deposit project. According to UK Finance, the transactions were carried out on a shared platform developed by Quant. Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest, and Santander are participating in the project.

Community Perspective: Institutional Adoption Expectations Persist After Sibos

WaterMelano, a CoinMarketCap community account, assessed these US and UK initiatives in connection with the price movement of Quant (QNT). The view is that expectations for institutional adoption can persist even after the Sibos financial conference concluded. Sibos 2026 was held in Miami from September 28 to October 1.

The price level WaterMelano identified as support to watch was around $291.46, corresponding to the 20-period exponential moving average (EMA) on the 1-hour chart at the time of the post. The 24-hour trading volume on KuCoin cited alongside was $23 million, with a daily price change of -3.0%.

As a trading plan, the account suggested an entry at $288.80, a target of $311.50, and a stop-loss at $280.70. The risk-reward ratio calculated from the price differences is approximately 2.80. This figure excludes trading costs and does not indicate the probability of reaching the target.

Technology Adoption ≠ Price Increase... Actual Network Usage Must Be Confirmed

While financial institutions' adoption of the technology shows business progress, that alone cannot confirm a rise in QNT's price. It is also necessary to verify how much the network is actually used and how QNT demand arises in the process. The $291-level support and the $311.50 target should likewise be viewed as WaterMelano's analysis and trading plan.

[Cryptocurrency is a high-risk asset with high price volatility, and principal loss may occur. The personal opinions and price forecasts introduced in this article may not match actual market movements and do not constitute investment advice. Investment decisions and responsibility lie with the investor. This article was written with the assistance of AI.]