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QNT soars 7% as Quant ignites banking revolution with QuantNet release QNT soars 7% as Quant ignites banking revolution with QuantNet release

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QNT soars 7% as Quant ignites banking revolution with QuantNet release – Crypto News

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10 months ago

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  • Quant announced an innovative product today.
  • QuantNet transforms how banks connect with digital currencies.
  • Native QNT gained over 7% in the past 24 hours.

Banks are facing challenges amidst the ongoing financial revolution due to slow processes, isolated networks, and outdated systems.

Interoperable blockchain Quant aims to fill this gap with its new innovative product, QuantNet.

QuantNet creates an ecosystem where traditional banking, cryptocurrencies, and tokenized assets can flow seamlessly together.

It is more than a usual technical upgrade.

The launch signals a strategic shift to allow financial institutions to embrace monetary innovation while retaining their existing compliance, operational control, and security.

According to the official blog:

QuantNet enables banks to coordinate asset and cash flows across siloed networks without replacing a single system they already trust. This is orchestration without disruption, innovation without compromise.

The update triggered enthusiasm within the Quant community.

The network’s token, QNT, reflected the optimism with a bullish 24-hour chart.

The alt has reclaimed the $100 psychological mark after its price increased by over 7% in the past day.

QuantNet: how it changes the game

The new product aims to make connections without disruptions.

QuantNet does not demand banks replace their current models.

Meanwhile, it links tokenized deposits, stablecoins, and commercial funds into a single, innovative network.

Imagine private trading platforms, traditional settlement systems, and public blockchains operating together, harmoniously and securely.

Banks will retain control over funds while QuantNet completes transactions behind the scenes.

Most importantly, all actions are fully traceable, ensuring the compliance and transparency that outdated systems can’t offer.

Quant added:

Banks no longer need to choose between innovation and stability. QuantNet provides both: a production-ready platform that connects the future of money and markets while working seamlessly with existing infrastructure investments.

Quant selected for UK’s tokenized sterling deposits

QuantNet launch comes days after the UK Finance and top banks selected Quant to provide an infrastructure for the new tokenized sterling deposits project (GBTD).

GBTD is a market initiative, running until mid-2026, exploring how tokenized bank deposits can enhance payments, fraud protection, and large-scale settlement.

Quant CEO Gilbert Verdian celebrated the move, stating:

Being selected for GBTD marks a pivotal step in the UK’s financial evolution. This milestone goes beyond improving payments – it’s about enabling new forms of programmable money that will fundamentally transform how value is moved and managed.

Therefore, QuantNet marks a turning point for global financial institutions.

Banks can leverage it to participate in cryptocurrencies and tokenized funds while maintaining compliance, trust, and the reliability that customers need.

QNT price outlook

Quant’s native token maintained a bullish trajectory amidst the strategic developments.

QNT has rebounded from around $86 on September 26 to today’s $103 intraday peak.

The altcoin gained more than 7% on its 1D chart, propelled by the latest announcement and broader market gains.

Meanwhile, QuantNET and Quant’s use cases in the UK’s GBTD project might trigger notable demand for QNT in the coming years, especially as banks explore tokenized assets and programmable money.

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