QNT After The Clearing House Deal: Do Banks Need the Coin?

On September 24, The Clearing House, the bank-owned company that moves more than $2 trillion a day between US banks, picked Quant to bring its member banks onto blockchain rails. According to the video, the QNT coin went from about $64 to over $350 in a single week.

For holders of XRP, XLM or HBAR, who have waited years for large US banks to pick their network, the obvious question is why Quant won. The less obvious question matters just as much for anyone looking at QNT now: did the banks actually choose the coin, or just the company?

What did The Clearing House announce?

The Clearing House said it would use Quant’s technology to help its banks move money on blockchains. According to the video, The Clearing House has been moving money between American banks since 1853 and is owned by banks including JPMorgan, Bank of America, Citi and Wells Fargo.

The video reports two related developments:

• On the same day, seven UK banks, including Barclays, HSBC and Lloyds, made their first payment with real customers on Quant’s platform.
• The Clearing House said it needed proven technology that can scale when it chose Quant.

The video also points to Quant’s founder and CEO, Gilbert Verdian. He previously ran security at Vocalink, the Mastercard company behind the UK’s payment systems. The host argues that this banking background helps explain why Quant was built with banks’ priorities in mind.

Why did banks choose tokenized deposits over stablecoins?

The banks chose tokenized deposits because the money never leaves the bank. A tokenized deposit is a normal bank deposit represented as a token on a blockchain. It moves with crypto-like speed but stays on the bank’s books.

The video describes two paths banks had:

1. Use a stablecoin such as USDC, or a crypto network such as Ripple’s. Dollars leave the bank and pass through a crypto company acting as a middleman.
2. Keep dollars inside the bank and turn them into tokens on a blockchain.

The Clearing House’s chief strategy officer made the same point in a clip shown in the video. He said a tokenized deposit offers wallet-based control over value, “but rather than the money leaving the bank account and going into another provider, the money stays within the financial institution.”

The video gives a second reason: the GENIUS Act. According to the video, the act became law in July 2025 and bans stablecoin issuers from paying holders interest. A tokenized deposit is still a bank deposit, so banks can pay interest on it. The host frames this as a legal advantage no crypto company can match. It also helps banks avoid depositor flight, where customers pull money out to earn yield somewhere else.

The video says banks are under time pressure. It cites Capgemini’s World Payments Report: nearly 60% of companies would get stablecoin services from a non-bank if their own bank couldn’t offer them, and only 32% are happy with their bank today.

Why Quant and not the XRP Ledger?

According to the video, the difference is in what each one is. The XRP Ledger is a blockchain with its own coin, so a bank using it moves money onto someone else’s network. Quant sells software that connects the systems banks already run to whatever blockchain they choose. Banks don’t rebuild anything, their money stays with them, and they don’t depend on a coin they can’t control.

The video also describes friction between the banks and Ripple:

• Ripple has been waiting since July 2025 for a Federal Reserve master account, a direct account that would let it move dollars without going through a bank.
• The Fed froze decisions on accounts like this until December 31.
• Three large US banking groups sent the Fed a letter that backed the freeze and warned that letting crypto companies into the Fed could put the financial system at risk. According to the video, one signer was The Clearing House Association, the lobbying arm of the same banks that picked Quant.

The host also says the XRP Ledger settled a trade for JPMorgan and Mastercard in under five seconds in May. His view is that XRP’s lane is moving value across borders, not domestic plumbing inside US banks. According to the video, XRP barely moved during the week QNT rallied.

Do banks need to buy QNT?

According to the documents the video reviewed, no. The banks made a deal with Quant, the London-based company, not with QNT, the coin Quant created in 2018. The video says the word “QNT” does not appear in The Clearing House’s announcement, the UK banks’ announcement, or the paper Quant itself published that day.

The video cites a research firm it calls Eight Blocks, which published its findings two days before the announcement:

• Banks pay for a Quant license and can pay in a stablecoin. The report states: “Nobody buys the token on the open market.”
• When a license is paid, Quant locks some QNT, but it takes those coins from its own wallet.
• All licenses together lock around 120 QNT a year, out of a total supply of 14.6 million.

The video also highlights who holds the supply. About 9.55 million QNT, around 65% of all coins, sit in one wallet that belongs to Quant. That company decides when coins get locked and released. The host warns that a large release could push the price down quickly, and holders would have no say.

The host compares this to XRP: the May JPMorgan trade ran on the XRP Ledger without the banks buying any XRP. Using a network and buying its coin are not the same thing.

What could still support the QNT price?

The video lists three factors that work in QNT’s favor, while noting that none of them requires a bank to buy the coin.

Factor	What the video says	Caveat
Small supply	14.6 million QNT in total, with around 5 million outside Quant’s wallet	The same math that lifts the price quickly can also drop it quickly
Fusion network	Live since June 2, connects 74 blockchains including the XRP Ledger; running a node requires holding QNT	Regular holders can’t stake QNT, and Quant hasn’t given a date
Upcoming events	Several dated milestones in late 2026 and 2027	None of them requires banks to buy QNT

The supply math is simple. Market cap equals coins multiplied by price. With 14.6 million coins, every $1.46 billion of new market cap adds $100 to the price. The host says this is why QNT moved so fast, and also why it can fall fast.

On upcoming events, the video says it checked a viral list of “17 reasons” QNT pumped. Many were old news or tests, but a few were real and dated:

• Quant is building into Murex, trading software that the video says 65 of the world’s 100 largest banks use. No bank has been named as live on it yet.
• Two Quant staff are co-writing a new internet standard for moving assets between blockchains, alongside researchers from MIT and IBM. Its final review closes on October 9.
• In the first quarter of 2027, UK banks plan to issue three digital bonds paid for with tokenized deposits, according to Quant.
• In the first half of 2027, The Clearing House network is set to go live for its banks.

The host’s argument is that each new bank headline draws buyers into a coin with a small available supply, even though the banks themselves are not buying it.

What happened the last time QNT rallied like this?

It crashed. According to the video, QNT hit $427 in September 2021 on a similar story about banks and digital currencies. Nine months later it was around $40, a drop of about 90%. Even at $350 in this rally, it had not returned to that 2021 high.

A smaller version played out right after the September news. The video says QNT fell from over $350 to around $230 in a single day, so buyers at the top lost about a third in 24 hours. At recording, QNT was back above $300 after a pullback to around $200. The host says plainly that he doesn’t know where the price goes next, and that nobody does.

The video also uses a diversification example. It says macro investor Raoul Pal put over 70% of his savings into Sui, which then fell 88% from its high. The point is that concentration risk applies to anyone, whether the coin is QNT, XRP or anything else.

A checklist before acting on a bank-adoption headline

The video’s research process can be used for any coin that rallies on news of bank adoption:

1. Read the official announcement. Check whether it names the token or only the company.
2. Find out how customers pay. If fees can be paid in a stablecoin or fiat, adoption may not create buying demand for the coin.
3. Check who holds the supply. A large share in one wallet means one party controls future releases.
4. Separate real milestones from noise. Viral lists often mix old news and pilots with dated, confirmed events.
5. Look at the coin’s last rally. Past drawdowns after similar headlines show what the downside can look like.
6. Check your concentration. One volatile coin should not be able to take most of your portfolio in a bad week.

What to watch next

The dates in the video give holders clear checkpoints. Watch for the outcome of the cross-chain standard review closing October 9, the Fed’s master account freeze, which runs until December 31 and affects Ripple, the UK banks’ planned digital bond issues in the first quarter of 2027, and The Clearing House network’s go-live in the first half of 2027.

For QNT specifically, watch for any movement of coins out of Quant’s main wallet, a staking date for regular holders, and any official document that ties bank usage to buying the token. Until that last one appears, the video’s core point stands: the banks chose Quant the company, and the price risk sits with the people buying the coin.