The Clearing House has chosen blockchain interoperability firm Quant to provide the interoperability and transaction management layer for its onchain money initiative, according to Techub News, citing NewsBTC. The project is designed to build a network that allows financial institutions to clear and settle tokenized deposits while linking into the existing RTP and CHIPS payment rails. Participating institutions are expected to gain access in the first half of 2027. The Clearing House, which operates core U.S. financial infrastructure, said its network processes more than $2 trillion each day across transfers, ACH, checks, and real-time payments. Within the planned system, Quant will coordinate the movement of tokenized deposits between participating financial institutions and connect the network to existing fiat payment channels. The system is expected to support corporate treasury operations, liquidity management, cross-border payments, and digital asset settlement.
The Clearing House has selected blockchain interoperability company Quant to provide the interoperability and transaction management layer for its onchain money initiative, according to Techub News, which cited NewsBTC.
The plan is aimed at building a network that will let financial institutions clear and settle tokenized deposits while connecting to the existing RTP and CHIPS payment systems. Participating institutions are expected to gain access in the first half of 2027.
Quant’s role in the network
Quant will coordinate the flow of tokenized deposits between participating financial institutions and link the network to existing fiat payment channels.
The Clearing House’s current payment footprint
The Clearing House runs core infrastructure for the U.S. financial system. Its network processes more than $2 trillion a day in transfers, ACH, checks, and real-time payment settlement.
The system is expected to support corporate treasury, liquidity management, cross-border payments, and digital asset settlement.
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