TLDR
- QNT rallied nearly 350% in one week after partnering with The Clearing House for tokenized deposit settlement.
- The deal covers 25 major US banks and is part of a new on-chain payments network launching in 2027.
- QNT futures open interest hit a record $158.80 million as traders piled into leveraged positions.
- Technical charts show a “Golden Cross” pattern, with QNT trading near its 4-year high above $250.
- Analyst Ted Pillows says QNT also works with Murex MX.3 software and the European Central Bank’s Digital Euro test.
Quant (QNT) has become one of the most talked-about tokens in crypto this week. The price jumped nearly 350% after news broke of a partnership with The Clearing House, a major US payments organization.
On Monday, QNT traded around $254, easing slightly after last week’s sharp rise. The token had climbed from about $65 to a high near $373 in just seven days.
The rally started after The Clearing House announced on September 24 that it picked Quant to power its On-Chain Money Initiative. Quant will handle interoperability and transaction management for the network.
If you're wondering why $QNT price pumped 3x this week, this list is probably a good place to start ↓↓
• Quant was just chosen to build the next generation of US bank money. The Clearing House, owned by 25 major US banks like Chase, Bank of America, HSBC, and Citi settle more…
— Greg Lunt (@GregLuntX) September 27, 2026
This system is built to help banks clear and settle tokenized deposits. It will also connect with existing payment tools like RTP and CHIPS. The network is expected to go live for banks sometime in the first half of 2027.
The Clearing House processes a large amount of money each day. Its networks clear more than $2 trillion daily, and CHIPS alone averaged about $2.014 trillion per day in 2025. Quant is not moving that money itself, but its technology will sit close to that infrastructure.
Trading Activity Picks Up Sharply
Retail interest in QNT grew fast alongside the price move. Futures open interest reached a record $158.80 million, showing more traders using leverage to bet on the token.
At the same time, the funding rate turned slightly negative, dropping to -0.0136%. This suggests some traders are starting to bet on a pullback after the fast climb.
Analyst Ted Pillows shared more context on the rally in a post on X. He said QNT is now built into Murex MX.3, software used by 65 of the world’s 100 largest banks. He also pointed out that the European Central Bank picked Quant to help test the Digital Euro. Pillows added that QNT’s chart has broken out of a five-year downtrend, and that continued momentum could push the price another 2x from current levels.
$QNT just had an insane rally, up 3x this week.
Here's what's happening:
▫️ The Clearing House, which settles $2 trillion a day for 25 major US banks, picked Quant for its on-chain money network.
▫️ Quant is now built into Murex MX.3, the software running 65 of the world's 100… pic.twitter.com/8QJptc3JF1
— Ted (@TedPillows) September 27, 2026
What the Charts Show
QNT is trading well above its 50-, 100-, and 200-week moving averages, which sit between $87 and $102. This gives the token a wide support zone below its current price.
The 50-week average has also crossed above the 200-week average. This pattern, known as a Golden Cross, often points to a longer-term bullish trend.
The Relative Strength Index sits at 80 on the weekly chart, which is deep into overbought territory. The MACD indicator also shows an extending uptrend with growing bullish momentum.
Support levels sit near $255, $228, and $171.70, based on recent Fibonacci retracement levels. A move above last week’s high of $373 could open the door toward the token’s all-time high of $430, set back in September 2021.
This US deal follows Quant’s earlier work in the UK, where it was selected alongside banks like Barclays, HSBC, and Lloyds for a tokenized sterling deposits project. That earlier partnership helped set the stage for its move into US banking infrastructure.
