Quant said it will provide technology support for an onchain money initiative under The Clearing House, covering the network’s interoperability, orchestration and transaction management layer. The setup will also connect with existing fiat payment rails including RTP and CHIPS. According to the announcement, the network is designed to give financial institutions clearing and settlement capabilities for tokenized deposit transactions. It will support instant settlement and allow transactions to be triggered automatically once preset conditions are met. The network is expected to open to participating institutions in the first half of 2027. The Clearing House’s U.S. payment network currently handles more than $2 trillion in clearing and settlement activity each day.
Quant said it will provide technology support for an onchain money initiative under The Clearing House, taking charge of the network’s interoperability, orchestration and transaction management layer, while connecting it with existing fiat payment systems including RTP and CHIPS.
Clearing and settlement for tokenized deposit transactions
The network is intended to provide financial institutions with clearing and settlement capabilities for tokenized deposit transactions. It will support instant settlement and can automatically trigger transactions once preset conditions are met. The network is expected to open to participating institutions in the first half of 2027.
Existing payment network scale
The Clearing House operates a U.S. payment network that processes more than $2 trillion in clearing and settlement transactions each day.
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