Clearing House selects Quant to power tokenized-deposit settlement system

Quant’s QNT token surged 75% in the past 24 hours to trade above $180, extending a 185% rally over the past week after The Clearing House named the network to power its tokenized-deposit settlement system. The move matters to BlockWest readers because it ties a mid-cap crypto asset directly to a U.S. payment infrastructure that clears more than $2 trillion a day.

• QNT jumped 75% in 24 hours to trade above $180, up 185% over the past week.
• The Clearing House selected Quant on September 24 to power its On-Chain Money Initiative, targeting a first-half 2027 launch.
• Active addresses hit 2,064 on September 24, the highest level in nearly a year, after topping 870 daily from September 16 to 23.

• $180 QNT price after a brief intraday move above $190
• 185% weekly rally compared with a flat broader crypto market
• $2 trillion daily volume The Clearing House settles across its U.S. networks
• 2,064 active addresses on Sept 24, nearly a one-year high

QNT’s rally came during a relatively calm weekend for larger-cap cryptocurrencies. The token climbed to over $180 while most of the market held sideways, with the gains traced to a banking partnership announced days earlier and to on-chain activity that had already begun building before that news broke. The story was first reported by CryptoPotato.

Clearing House names Quant for tokenized-deposit settlement

The catalyst behind the move was announced on September 24, when The Clearing House selected Quant to power its On-Chain Money Initiative. Quant will supply the interoperability, orchestration and transaction-management layer that lets banks clear and settle tokenized deposits while connecting to existing rails, including the RTP and CHIPS networks.

The two parties expect to bring the system live for participating institutions in the first half of 2027. The Clearing House says its U.S. payment networks already clear and settle more than $2 trillion daily across wire, ACH, check-image and real-time payments, a scale that explains the market’s reaction to the deal.

Santiment data shows address activity rose before the news broke

Trading activity around QNT did not start on announcement day. Santiment Intelligence reported that active addresses exceeded 870 every day between September 16 and 23, compared with a ceiling of 792 during the first half of the month.

New addresses ran at roughly 1.8 times their earlier September weekday average over that same eight-day stretch. Once the Clearing House deal became public, active addresses jumped to 2,064 on September 24, the highest reading in nearly a year, and QNT’s price rose 27% that single day.

Traders flag $115 support and a possible retracement toward $50 to $100

Not every voice in the market is calling for more upside. Trader Crypto Patel, who had previously flagged the significance of QNT’s $115 support level, said the token has now reached several of his major price targets.

He cautioned against chasing the rally, arguing that consolidation and retracement typically follow a parabolic move of this size. Crypto Patel estimated QNT could settle between $50 and $100 before its next major advance, and trader EGRAG CRYPTO offered a similar warning, urging buyers to wait for pullbacks rather than enter after such a large green candle.

The BlockWest read. Banks evaluating tokenized-deposit rails will be watching whether QNT’s volatility scares off the institutional counterparties The Clearing House needs by 2027, not whether retail traders can time the next dip. A token this thin swinging 185% in a week is a liquidity and custody-risk flag for any treasury desk considering exposure ahead of the launch, regardless of the underlying infrastructure deal’s merits.

The next concrete marker is the planned first-half 2027 rollout of the On-Chain Money Initiative to participating banks, alongside whether QNT tests the $50 to $100 range that Crypto Patel and EGRAG CRYPTO flagged as a likely retracement zone before any further advance.

BlockWest is a news publication. Nothing here is investment advice. Read our disclaimer and editorial policy.