Key Takeaways
- • The Clearing House, the bank-owned operator of the US payment systems RTP and CHIPS, selected Quant (QNT) on 24 September 2026 as technology partner for a tokenized deposit network, with first institutions expected in Q1 2027 and live transactions in Q2 2027.
- • QNT rallied from roughly $61 at the start of September 2026 to an intraday high of $357.00 on 27 September 2026, then fell 49% to $182.24 by 18 October.
- • Circulating supply is about 12.07 million of a fixed maximum of 14,881,364 QNT (around 81%), with no new issuance, according to CoinMarketCap data cited in the supplemental material.
- • Analysts flag that the bank mandate has no named launch institutions, no disclosed price or regulatory approval, and no disclosure of how much banking revenue flows through the token.
- • Market sentiment in November 2026 reads as Extreme Fear (index 20), with QNT trading near $160 in the forecast data and 7-day performance down about 17%.
Summary
Quant (QNT) perpetual futures are reported to have gone live on Coinbase, according to a CryptoTicker.io headline dated 13 November 2026. The original article could not be retrieved, so this summary draws on supplemental web-search material covering Quant's recent price action and banking developments.
The dominant driver in recent months has been Quant's selection by The Clearing House, which is owned by 25 large US banks, as technology partner for its tokenized deposit network. The selection was announced on 24 September 2026. Under the staged plan described in the supplemental sources, the first institutions join in the first quarter of 2027 and live transactions follow in the second quarter. On the same day, seven British banks reported first live customer payments on GBTD, a platform also built by Quant.
The announcement triggered a sharp rally. QNT opened September 2026 at around $61 and peaked at $357.00 on 27 September 2026. Trading turnover reached $1.19 billion that day but faded to about $95 million by 21 October. The price then retraced to $182.24 by 18 October, still well above the former twelve-month high of $106.64. By November 2026 the token traded near $200 according to the supplemental data, though the forecast snapshot cites a price closer to $160, and sentiment indicators showed Extreme Fear.
Supply dynamics are a supportive factor. The maximum supply is capped at 14,881,364 QNT, and CoinMarketCap counts 12,072,738 in circulation. Market capitalization was reported at roughly $1.93 billion to $2.42 billion depending on the source and date cited, with fully diluted value near $2.98 billion.
The bearish case centers on the lack of hard milestones. Neither Clearing House announcement named launch institutions, a price, or a regulatory approval. Quant is a company that builds the Overledger platform and does not run its own blockchain. The QNT token is used for an annual Overledger licence fee, but the token transparency file lodged with Blockworks also allows platform fees to be paid in US dollars, and QNT carries no voting rights. Quant has not disclosed how much of its banking business runs through the token, so the link between company revenue and token demand remains unproven.
QNT remains well below its all-time high of roughly $427 to $428 set in September 2021, and the supplemental material notes that its 2026 low was near $54 in February. Readers tracking the token should monitor delivery milestones at The Clearing House, further signed bank mandates, and the token's role in Overledger licensing.
The dominant driver in recent months has been Quant's selection by The Clearing House, which is owned by 25 large US banks, as technology partner for its tokenized deposit network. The selection was announced on 24 September 2026. Under the staged plan described in the supplemental sources, the first institutions join in the first quarter of 2027 and live transactions follow in the second quarter. On the same day, seven British banks reported first live customer payments on GBTD, a platform also built by Quant.
The announcement triggered a sharp rally. QNT opened September 2026 at around $61 and peaked at $357.00 on 27 September 2026. Trading turnover reached $1.19 billion that day but faded to about $95 million by 21 October. The price then retraced to $182.24 by 18 October, still well above the former twelve-month high of $106.64. By November 2026 the token traded near $200 according to the supplemental data, though the forecast snapshot cites a price closer to $160, and sentiment indicators showed Extreme Fear.
Supply dynamics are a supportive factor. The maximum supply is capped at 14,881,364 QNT, and CoinMarketCap counts 12,072,738 in circulation. Market capitalization was reported at roughly $1.93 billion to $2.42 billion depending on the source and date cited, with fully diluted value near $2.98 billion.
The bearish case centers on the lack of hard milestones. Neither Clearing House announcement named launch institutions, a price, or a regulatory approval. Quant is a company that builds the Overledger platform and does not run its own blockchain. The QNT token is used for an annual Overledger licence fee, but the token transparency file lodged with Blockworks also allows platform fees to be paid in US dollars, and QNT carries no voting rights. Quant has not disclosed how much of its banking business runs through the token, so the link between company revenue and token demand remains unproven.
QNT remains well below its all-time high of roughly $427 to $428 set in September 2021, and the supplemental material notes that its 2026 low was near $54 in February. Readers tracking the token should monitor delivery milestones at The Clearing House, further signed bank mandates, and the token's role in Overledger licensing.
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