Quant has produced one of the most violent rallies in the large-cap market this month, with QNT climbing from the 60 to 70 USD range last week to an intraday peak above 350 USD before profit taking trimmed part of the move. According to TradingView data, the token is now within striking distance of its 2021 all-time high of 427.42 USD if buyers can reclaim the latest resistance zone.
The rally accelerated after The Clearing House selected Quant to power its On-Chain Money Initiative, an interoperable payments network designed to let financial institutions clear and settle tokenized deposits. Quant will provide the interoperability, orchestration and transaction management layer for the network while connecting it with existing payment systems, including RTP and CHIPS. The Clearing House said the network is expected to become available to participating institutions in the first half of 2027.
From Weekly Winner to 300 USD
QNT had already ranked as the strongest weekly performer among the 100 largest cryptocurrencies by Sept. 26, when it was up 61.8 percent over seven days and traded near 104.57 USD. The rally then accelerated over the following two days, taking the token well above 300 USD before sellers pulled it back toward the 270-290 USD area.
The Clearing House announcement has provided the main catalyst behind the latest run. The U.S. payments company operates networks that clear and settle more than 2 trillion USD each day across wire, ACH, check image and real-time payments. Its On-Chain Money Initiative is intended to connect tokenized commercial bank money with existing payment rails while supporting automated transactions and round-the-clock settlement.
Quant CEO Gilbert Verdian called the selection a major step for programmable money and said tokenized deposits were becoming a way for banks to move money on-chain while keeping deposits within the regulated banking system.
UK Banks Already Transacting on Quant Rails
The U.S. project followed a separate development in Britain, where major banks completed live customer transactions using tokenized sterling deposits. Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander participated in the Great British Tokenised Deposit initiative, which uses infrastructure developed by Quant. The latest tests included remortgage transactions and a marketplace payment, moving the project beyond earlier simulations.
The live tokenized deposit transactions involved customers at separate banks. Lloyds, NatWest and Barclays completed two remortgage transactions, while another test involving HSBC simulated an online marketplace payment where funds remained reserved until transaction conditions were met. Quant’s role in both the U.S. and UK projects has put the company at the center of two institutional efforts to bring commercial bank deposits onto blockchain-based infrastructure.
Sibos 2026 Keeps Momentum Alive
Attention around Quant has continued on Sept. 28 as Sibos 2026 begins in Miami. Quant and financial software company Murex are scheduled to demonstrate programmable settlement for tokenized assets at the event, focusing on synchronizing the cash and asset sides of transactions while allowing institutions to retain their existing trading and settlement processes. The demonstration involves a U.S. dollar repo against a tokenized U.S. Treasury, with tokenized deposits used for the cash side.
Quant is scheduled to participate in further discussions through Oct. 1, including sessions covering tokenized deposits and the coexistence of stablecoins, tokenized commercial bank money and central bank digital currencies.
Institutional work around tokenized deposits has been growing beyond Quant’s individual projects. The Bank of England said in May that the UK’s future payment system could support conventional deposits, tokenized bank deposits, regulated stablecoins and potentially a retail central bank digital currency. Deputy Governor Sarah Breeden said the central bank wanted competition and choice between robust forms of money as the country developed its digital payment infrastructure.
Tokenized deposits remain liabilities of the issuing commercial bank, unlike stablecoins issued against separate reserve assets. A tokenized deposit framework keeps the underlying money within the banking system while representing the deposit digitally on blockchain infrastructure.
Technical Picture: Strong Trend, Wide Swings
QNT’s technical structure remains bullish after the rally, although the size and speed of the move have raised the risk of large price swings. On the daily QNT/USDT chart, the Directional Movement Index showed +DI at 68.80 against -DI at only 0.82, while ADX stood at 47.74, well above the level normally associated with a strong directional trend. Volume climbed alongside the breakout, with the largest daily activity appearing as QNT accelerated from below 100 USD toward 300 USD.
Signs of profit taking are visible near the top. QNT reached 320 USD during the current daily session before falling toward 274 USD, and the preceding move produced a long upper wick. The 290 to 320 USD area is therefore the first zone QNT needs to recover. A move through it would bring the latest 350 to 370 USD resistance region back into focus, and a sustained break above that zone could leave the 400 USD psychological level as the next target before QNT challenges its 427.42 USD all-time high from September 2021.
Market snapshot at time of writing: BTC 83,039 USD (24h -2.16%), ETH 2,666.06 USD (24h -1.58%), SOL 118.59 USD (24h -4.32%). Fear and Greed Index: 74 (Greed). Data timestamp: 2026-09-28 12:00 UTC.
from 104 to 350 in two days off one Clearing House announcement. actual adoption news for once, TCH clears 2 trillion a day
adoption news sure but rollout is H1 2027. that’s a long time to sit on a bag bought at 350
true you dont wait for 2027, but this rally is the market pricing the pilot before the pilot exists. hoping somebody remembers to sell
Verdian has been pitching tokenized deposits to banks since 2018. Everyone clowned QNT for years and now they get picked for the On-Chain Money Initiative
427.42, the 2021 ATH, is right there. if buyers reclaim that resistance zone this gets silly
350 to 427 is only 22 percent after a 300 percent week. weirdly that last leg might be the easy part if the momentum holds
22 percent to 427.42 after a 300 percent week is the textbook easy part. the hard part is holding through the first real pullback while remembering you bought a 2027 pilot
qnt from 104 to 350 in two days off one clearing house deal. the 2 tril a day settlement detail is what got me, this is real plumbing
The RTP and CHIPS integration is the underrated part. These are bank rails institutions already run on daily.
bought the 61 percent week when everyone called it overextended, sold way too early at 150. not making that mistake before 427
classic. the 2021 ath at 427 is going to be a war zone of sellers, good luck up there
seller warzone at 427 for sure, but after a 300 percent week the crowd buying 350 isnt exactly risk averse
Watched QNT bleed sideways for two years while people clowned the tokenized deposits pitch. Turns out Verdian was early, painfully early.
61 percent week at 104 and everyone called the TCH move a fluke. two days later its 350 and the same accounts are drawing 427 targets