The Clearing House (TCH) has selected Quant to power its On-Chain Money Initiative, a new network designed to help U.S. banks clear and settle tokenized deposit transactions. Quant will provide the interoperability, orchestration and transaction-management infrastructure, while the network will remain connected to existing payment systems such as RTP and CHIPS.
The initiative is expected to become available to participating financial institutions in the first half of 2027, with applications including corporate treasury, liquidity management, cross-border payments and digital-asset settlement.
Big news: Quant is partnering with @TCHtweets to bring on-chain, #programmablemoney to the US.
We will provide the interoperability layer that lets #tokeniseddeposits move freely within the regulated banking system.
This builds on our work in the UK, Europe and beyond.
Read… pic.twitter.com/ZdHOd0txRP
— Quant (@quantnetwork) September 24, 2026
The partnership is aimed at bringing programmable money into the existing U.S. banking system without requiring financial institutions to abandon the payment networks they already use.
Tokenized deposits are digital representations of traditional bank deposits. They retain the regulatory oversight and protections associated with standard deposits, but are recorded and transferred using blockchain-based technology.
Under the planned network, banks will be able to process transactions that settle immediately or automatically execute when pre-agreed conditions are met. This could reduce manual intervention and delays in areas such as liquidity management and interbank payments.
Quant will provide the technology layer responsible for coordinating transactions across different blockchain networks and payment systems. The infrastructure will also connect the new on-chain network with established fiat payment rails, including The Clearing House’s RTP network for real-time payments and CHIPS, which handles high-value domestic and international payments.
The On-Chain Money Initiative was first announced in June. It is being developed in response to growing demand from businesses and financial institutions for faster and more automated ways to move and manage money.
For corporate treasury teams, tokenized deposits could allow liquidity and payments to be managed around the clock. Financial institutions could also participate in a shared network rather than having to develop separate infrastructure themselves.
The Clearing House is a major part of the U.S. payments system and is owned by some of the country’s largest commercial banks. It operates both CHIPS and RTP, giving it an established role in moving funds between financial institutions.
Quant specialises in programmable-money infrastructure and blockchain interoperability. The company has previously worked with central and commercial banks in the UK and other markets, according to the supplied material.
Sal Karakaplan, Chief Strategy Officer of The Clearing House, said Quant’s technology and experience would help provide a scalable route for financial institutions of different sizes to participate in the new network.
Quant CEO Gilbert Verdian described the partnership as a step towards programmable money becoming part of the wider financial system.
The network is expected to support several use cases, including corporate treasury, liquidity management, cross-border payments and digital-asset settlement. Further details about participation and specific applications are expected as development progresses, with the network planned to become available in the first half of 2027.
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