{
  "id": 9560903,
  "title": "The Clearing House Taps Quant to Power Tokenized Deposits Network",
  "url": "https://urgent.news/2026/09/24/the-clearing-house-taps-quant-to-power-tokenized-deposits-network",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T13:00:33.000Z",
  "source": {
    "name": "PYMNTS",
    "slug": "pymnts",
    "url": "https://www.pymnts.com/blockchain/2026/the-clearing-house-taps-quant-to-power-tokenized-deposits-network/"
  },
  "original_language": "en",
  "account": "The Clearing House has announced a partnership with Quant, a provider of programmable money infrastructure, to develop an interoperable payments network for tokenized deposits. This initiative, known as the On-Chain Money Initiative, aims to enable financial institutions of all sizes to clear and settle tokenized deposit transactions quickly and automatically. Quant's technology will provide connectivity to existing fiat payment systems and enable the network's transaction-management layer. The Clearing House Chief Strategy Officer Sal Karakaplan emphasized the company's long history of building trusted payment networks, while Quant Founder and CEO Gilbert Verdian stated that this partnership is a significant step in the global transition to programmable money. The Clearing House expects to make the initiative available to participating institutions in the first half of 2027, with the potential for widespread adoption of tokenized deposits.",
  "summary": "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 […] The post The…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Finextra",
        "title": "The Clearing House taps Quant for tokenised deposit network",
        "url": "https://urgent.news/2026/09/24/the-clearing-house-taps-quant-for-tokenised-deposit-network",
        "published": "2026-09-24T13:10:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}