The Clearing House on Sept. 24 announced it has selected Quant to power its On-Chain Money Initiative, an interoperable payments network meant to let financial institutions of all sizes clear and settle tokenized deposit transactions. Quant’s stack is described as the network’s interoperability, orchestration, and transaction-management layer, with connectivity to existing fiat rails institutions already use — including the RTP® and CHIPS® networks. The network is expected to become available to participating institutions in the first half of 2027, with more detail on participation and use cases to follow as development continues.
That is bank infrastructure news, not a retail tape print. The Clearing House operates U.S. payments networks that clear and settle more than $2 trillion each day across wire, ACH, check image, and real-time payments. The On-Chain Money Initiative was announced in June and is framed as a response to demand for faster, more automated money movement — payments that settle immediately and transactions that can trigger once agreed conditions are met. Tokenized deposits, as The Clearing House describes them, remain deposit liabilities under existing protections and oversight, recorded and moved on the shared network rather than as a separate product each bank builds alone.
Quant’s founder and CEO, Gilbert Verdian, called the selection “a defining step in the global transition to programmable money,” noting The Clearing House’s position at the center of the U.S. banking system. Sal Karakaplan, Chief Strategy Officer of The Clearing House, emphasized proven, scalable technology for interbank tokenized-deposit infrastructure. Those are primary-source quotes from the Sept. 24 release — useful context for who is wiring the rails, not a holdings recommendation.
Secondary Markets context for the same week: U.S. spot bitcoin ETFs took in about $2.39–2.4 billion in net inflows in the week ending Sept. 25, the largest weekly haul since October 2025, flipping 2026 year-to-date net flows positive (SoSoValue via The Block; Farside/crypto.news prints $2.39 billion). Spot ether ETFs added roughly $690 million the same week. Spot XRP ETFs added about $75.6–76 million for the week (SoSoValue). Separately, CoinDesk reported Sept. 26 that the XRP Ledger’s BatchV1_1 upgrade slipped after validator support briefly fell below the 80% threshold — earliest activation around Oct. 9 if support holds. Those figures sit beside the Clearing House lead; they do not replace it.
What this piece does not claim: that H1 2027 availability is a hard launch date for every institution, that tokenized deposits equal a finished U.S. market-structure statute, or that ETF weekly prints validate any single vendor choice. The measurable Markets fact is narrower. The operator of core U.S. bank clearing infrastructure has named Quant as the technology partner for an interoperable tokenized-deposit network tied to RTP and CHIPS, with access expected in the first half of 2027.
Sources:
• Quant
• CoinDesk