Token Quant Surges 416% After Clearing House Selection for Tokenized Deposits

Quant, a little-known cryptocurrency, jumped up to 416% after being selected by The Clearing House—controlled by 25 major US banks—for a tokenized deposit network. The selection signals institutional adoption of blockchain for banking infrastructure, though the sustainability of the price surge is uncertain. This development highlights the intersection of crypto and traditional finance, potentially boosting sentiment for digital assets.