US Banking Giants Accelerate On-Chain Future: TCH Partners with Quant to Build Tokenized Deposit Network, Targeting Trillion-Dollar Settlement Market by 2027

The Clearing House (TCH), owned by major US banks, has partnered with UK infrastructure firm Quant for its on-chain currency initiative. Quant will provide interoperability and transaction management layers to coordinate settlement of tokenized deposits, linking to existing payment rails. The network, set to open in H1 2027, aims to transform over $2 trillion in daily clearing volume.

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