Quant’s QNT token became the top performer among the largest 100 cryptocurrencies by market capitalization after two landmark bank announcements on September 24 sent the asset on a parabolic run. QNT climbed from roughly $64 to an intraday high near $371 in one week, before retracing to about $260.
The first catalyst was The Clearing House selecting Quant to power its new tokenized deposit network. The Clearing House is owned by 25 of the largest US banks, including JPMorgan Chase, Bank of America and Citi, and settles more than $2 trillion in payments per day. The network is expected to go live during the first half of 2027, with Quant providing the interoperability layer for tokenized deposits within the regulated banking system.
On the same day, a group of major UK banks—Barclays, HSBC, Lloyds, NatWest and Santander—completed the first interbank transactions using tokenized pound deposits on a platform built by Quant as part of a live pilot. That placed Quant inside both the US and UK banking systems within a single week.
Earlier price action showed QNT rising 11.04% in one hour to $207.97 on September 27, with 24-hour volume around $136.25 million. By September 28, the token tagged $320 before dropping to roughly $258, leaving a long upper wick. The daily RSI reached about 86, its most stretched level in five years, suggesting the rally may cool off. Analysts see resistance between $320 and $370, with the next major zone near the 2021 peak of $400–$430. Support sits near $210–$225, followed by the December 2024 high around $160–$170.
The market is also watching how much of Quant’s bank activity ultimately flows through the QNT token itself, since the mandates were awarded to Quant the company and token-level revenue details have not yet been disclosed.
