Quant Wins US and UK Bank Deals as QNT Rallies 300% in One Week
Quant cryptocurrency surged over 300% after securing major bank deals in the US and UK, including a tokenized deposit network partnership with The Clearing House and a live pilot with seven UK banks.
Over the past week, Quant (QNT) emerged as the top-performing cryptocurrency among the top 100 by market capitalization. Based in London, Quant develops Overledger, a software solution that enables banks and enterprises to link their legacy infrastructure across various blockchains. Its native token, QNT, is utilized to cover network access costs. Over a seven-day span, QNT surged from approximately $64 to a peak of $371 before easing down to roughly $260.
This rally of over 300% was triggered on September 24 by two simultaneous bank announcements from the United States and the United Kingdom, placing Quant front and center in the traditional banking sector’s initiative to transition deposits on-chain.
The Clearing House Picks Quant for its Tokenized Deposit Network
Quant was chosen by The Clearing House to power its upcoming tokenized deposit network. Owned by 25 major US financial institutions—including Citi, Bank of America, and JPMorgan Chase—The Clearing House operates payment systems that clear upwards of $2 trillion daily. According to the official press release, the network is slated to launch in the first half of 2027.
Because The Clearing House underpins a massive volume of US dollar transactions, any tokenized solution it introduces has the potential to establish a benchmark for the wider industry.
Seven UK Banks Move Tokenized Pounds on Quant’s Platform
That same day, a group of leading UK banks—comprising Barclays, HSBC, Lloyds, NatWest, and Santander—executed the historic first interbank transactions utilizing tokenized pound deposits. These transfers were conducted on a Quant-engineered platform during a live pilot program.
As a result of these developments, Quant secured footholds in both the US and UK banking frameworks within the span of a single week.
QNT Gets Rejected at $320
On the daily charts, QNT opened trading near $286, touched $320, and subsequently pulled back to about $258, marking a roughly 10% decline. The initial explosive wick earlier in the surge reached nearly $370, making the $320 to $370 region the primary target for bulls aiming to reclaim lost ground.
Current pricing also resides within a historically significant range. Following its 2021 all-time high, QNT traded sideways between $250 and $300 for several months before breaking down in 2022. That exact threshold acted as a ceiling during today’s session. Beyond it, the sole remaining resistance lies within the 2021 peak zone of $400 to $430.
Should the momentum cool further, initial support rests around the 2022 high between $210 and $225, followed by the December 2024 high near $160 to $170. Below those markers, the chart remains largely vacant until approximately $100, given how rapidly QNT previously traversed that price span, leaving minimal structural history behind.
Daily RSI Hits Its Highest Reading in Five Years
The daily Relative Strength Index (RSI) registers at approximately 86, marking its most elevated reading on the five-year chart. Combined with the day’s extended upper wick, these indicators hint that the rally may be losing momentum. A short-term correction or consolidation phase appears probable, and with minimal support levels beneath $200, any subsequent decline could unfold swiftly.
Additionally, a disconnect remains between the corporate announcements and the token itself. Both banking agreements were awarded to Quant as a business entity, and the exact volume of commercial activity that will directly translate to the QNT token has not yet been detailed. Consequently, a portion of the weekly price movement stems from speculators pricing in future possibilities rather than guaranteed, realized revenue.
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