The Clearing House partners with Quant to advance the On-Chain Money Initiative. Sep 24, 2026, 09:00 ET The Clearing House will use Quant's technology to bring on-chain capabilities to its tokenized deposit clearing and settlement network for financial institutions NEW YORK, Sept. 24, 2026 /PRNewswire/ - The Clearing House announced the selection of Quant, a leading provider of programmable money infrastructure, to power its On-Chain Money Initiative, a new interoperable payments network that will enable financial institutions of all sizes to clear and settle tokenized deposit transactions. Quant's technology will enable the network's interoperability, orchestration, and transaction-management layer that coordinates the clearing and settlement of tokenized deposit transactions, while providing connectivity to existing fiat payment systems that financial institutions and their customers use every day, including the RTP(R) and CHIPS(R) networks. Announced in June, the On-Chain Money Initiative responds to growing demand from businesses and financial institutions for greater speed, automation, and flexibility in how money moves. It aims to enable payments that settle immediately and transactions that trigger automatically once agreed conditions are met, reducing manual work and delays for banks and their customers. Quant has a proven track record of delivering on-chain capabilities in production and at scale. Its technology has already been deployed in regulated environments, working with central and commercial banks in the UK and around the world. "Building interbank infrastructure for tokenized deposits requires proven technology that can scale," said Sal Karakaplan, Chief Strategy Officer of The Clearing House. "The Clearing House has a long history of building and operating trusted payment networks that serve the banking industry. Quant brings the technology and expertise needed to support the network, giving financial institutions of all sizes a path to participate." "This marks a defining step in the global transition to programmable money," said Gilbert Verdian, Founder and Chief Executive Officer of Quant. "Tokenized deposits are now the de facto way banks move money on-chain, and The Clearing House sits at the heart of the U.S. banking system, meaning this partnership sets a standard for the rest of the world to follow. Quant is uniquely positioned to lead this transition. We've been building the technology that connects blockchain networks and regulated financial institutions since the earliest days of this industry. Together with The Clearing House, we're changing how money works in America, and laying the foundation for programmable money that moves seamlessly across the financial system." Tokenized deposits are digital representations of a financial institution deposits, which retain the protections and regulatory oversight of a traditional deposit, but are recorded and moved differently. Tokenized deposits move automatically within rules institutions set in advance. For businesses, this means liquidity and payments processed around the clock. For financial institutions, it means joining a shared network rather than building one alone. The On-Chain Money Initiative is designed to create new opportunities across corporate treasury, liquidity management, cross-border payments, and digital asset settlement. The network is expected to become available to participating institutions in the first half of 2027, with additional details on participation and use cases to be announced as development progresses. About The Clearing House The Clearing House operates U.S.-based payments networks that clear and settle more than $2 trillion each day through wire, ACH, check image, and real-time payments. It is the nation's most experienced payments company, with a long track record of providing secure and reliable systems, payments innovation, and strategic thought leadership to financial institutions. The Clearing House revolutionized U.S. payments by introducing the RTP(R) network, which supports the immediate clearing and settlement of payments, along with the ability to exchange related payment information across the same secure channel. These RTP capabilities enable all financial institutions to offer safer, faster, and smarter digital transaction services for their corporate and retail customers. About Quant Quant is the only company with proven, production-grade capability to connect blockchain networks and regulated financial institutions at scale. Our technology makes money programmable, enabling banks, capital markets firms, and financial institutions to coordinate money and asset flows around the clock, settling tokenized deposits seamlessly, automatically and securely. Quant operates across regulated programs worldwide and, through our Tokenized Deposits-as-a-Service solution, commercial banks of any size can issue and move tokenized deposits without building new infrastructure themselves. Built on a decade of blockchain heritage and deep expertise across global payments and capital markets, Quant is defining the future of money. SOURCE The Clearing House

Smart AI deposits could soon force banks to raise loan rates for everyday borrowers. A sensitivity case shows how faster, programmable switching could reduce banks' interest-rate capacity in 10-year equivalents, not loan balances. Editor-in-Chief - CryptoSlate Aug. 27, 2026 Quick take. * 01 A Dallas Fed analysis says AI-directed accounts could rapidly move deposits, weakening the stable funding banks use for long-term credit. * 02 A sensitivity case found a 10% increase in deposit price sensitivity could reduce banks' duration-risk appetite by about $700 billion. * 03 The impact remains uncertain, with banks potentially turning to costlier wholesale funding or holding more liquid assets as tokenized deposits develop. AI-directed bank accounts could move deposits rapidly among banks, weakening a funding advantage that helps finance long-term credit, according to a Federal Reserve Bank of Dallas analysis published Aug. 25. Although customers can withdraw demand deposits at any time, balances tend to remain at banks for years, and deposit rates usually rise by less than market rates. That makes deposits behave partly like long-duration funding. The Dallas Fed approximates their effective duration as weighted average life multiplied by one minus the deposit beta, which measures how responsive deposit rates are to short-term rates. Instant settlement would let yield-sensitive customers switch banks quickly, while programmable rules and agentic AI could automate the move. In June 2026, The Clearing House announced an initiative to develop 24/7, interoperable tokenized commercial-bank money, including automated and agentic-commerce uses. Using commercial-bank balance sheets as of July 15 and its own duration assumptions, the Dallas Fed estimated about $7 trillion of asset-side interest-rate exposure in 10-year equivalents. Roughly $5.84 trillion was supported by the duration characteristics of deposits other than large time deposits. In plain terms, those stable funding characteristics help banks hold assets whose values are sensitive to interest-rate changes. In one sensitivity case, what the authors describe as a 10% increase in deposit price sensitivity, assuming a four-year weighted average life, reduced aggregate duration-risk appetite by about $700 billion in 10-year equivalents. A separate 10% reduction in weighted average life cut modeled maturity-transformation capacity by about $580 billion. A 10-year equivalent converts an exposure into the interest-rate risk of a comparable position in 10-year Treasuries, but the credit effect would depend on how banks adjust their assets and funding. Banks could issue more term debt to keep lending composition closer to unchanged, but the Dallas Fed said wholesale funding would likely raise borrowing costs for consumers and businesses. They could also hold more reserves and Treasuries against faster, less predictable outflows, leaving less room for illiquid credit. A 2025 Central Bank of Brazil paper found that heavier use of the Pix instant-payment system increased liquid-asset holdings and reduced liquidity transformation, evidence that instant payments can alter bank liquidity behavior even though Pix is not a direct comparison with US tokenized deposits. Tokenized deposits remain early in development, the magnitude is uncertain, and the authors said their views should not be attributed to the Dallas Fed or the Federal Reserve System.