NewsBTC
2 hours ago
Bullish

The Clearing House selects Quant to connect tokenized deposits to RTP, CHIPS

2 min
  • The Clearing House selected Quant to provide the interoperability and transaction-management layer for its On-Chain Money Initiative.
  • The planned network will enable financial institutions to clear and settle tokenized deposits while connecting to existing RTP and CHIPS payment rails.
  • Participating institutions are expected to gain access in the first half of 2027.

ID: N25-06

Site: NewsBTC

Status: READY

Author: NewsBTC Editorial Team

Focus Keyword: Quant

Image Keyword: Tokenization

Category: Technology

Tags: Quant, The Clearing House, Tokenized Deposits, RTP, CHIPS

Primary Source: https://www.theclearinghouse.org/payment-systems/articles/2026/09/quant-selected-for-on-chain-money-initiative

Tokenized Deposits Integrated With RTP And CHIPS

The Clearing House operates core U.S. payment infrastructure that clears and settles more than $2 trillion per day across wires, ACH, checks, and real-time payments. The On-Chain Money Initiative adds tokenized deposits to this environment. Quant will coordinate movement of tokenized deposits between participating institutions and connect the network to existing fiat rails RTP and CHIPS. This differs from public stablecoins: a tokenized deposit remains a deposit liability of the issuing bank. The blockchain layer changes how the claim is recorded, programmed, and transferred while maintaining the underlying banking relationship.

Programmable Bank Money Nears Defined Architecture

Announced in June, the initiative now has a specified technology architecture with Quant’s selection. The Clearing House states the system could support corporate treasury, liquidity management, cross-border payments, and digital-asset settlement. Payments could be programmed to execute automatically once agreed conditions are met. Access for participating institutions is targeted for the first half of 2027, indicating infrastructure development rather than a live consumer network. The scale is notable: instead of isolated bank pilots, a shared tokenized-deposit network linked to nationwide payment rails would align programmable onchain money with existing infrastructure. If successful, banks could use a unified stack that combines current payment systems with programmable deposits.

Edited by Samuel Rae.