The Clearing House Taps Quant to Power Tokenized Deposits Network

The Clearing House selected Quant , a provider of programmable money infrastructure, to power the On-Chain Money Initiative that The Clearing House announced in June, the organization said in a Thursday (Sept. 24) press release emailed to PYMNTS. The On-Chain Money Initiative involves a new interoperable payments network that will enable financial institutions of all sizes to clear and settle tokenized deposits transactions, according to the release.