Quant

What is Quant?

Quant is a UK-based company that sells software to connect banks and enterprises to multiple blockchains and to build programmable money, including the platform behind the UK's tokenised sterling deposit pilot. QNT is an Ethereum-based token used in Quant's licensing model; it is not the native coin of its own blockchain.

What it’s used for

Banks and enterprises license Quant's software, such as Overledger and its programmable payments tools, typically through enterprise contracts. In September 2026 UK banks completed the first live customer transactions with tokenised sterling deposits on the GBTD platform that Quant built. Retail holders mostly trade QNT; they do not need it to use any Quant product.

Role of the QNT token:

Evidence of real use

• UK Finance and a group of major UK banks selected Quant in September 2025 to provide the technology for the tokenised sterling deposits (GBTD) project. Source
• UK Finance announced a live pilot phase for tokenised sterling deposits with participating banks. Source
• Quant says the first live customer transactions on GBTD, including remortgage completions, ran on its platform in September 2026. Source

How Quant works

Quant does not run its own public blockchain. Instead, its Overledger software acts as a gateway: an institution writes to one interface, and Overledger handles the details of talking to different ledgers, including public chains and private bank networks. This reduces the work of supporting each blockchain separately. Overledger can also be deployed inside a bank's own infrastructure, and Oracle has published guidance for running it in Oracle's cloud. The aim is to let a bank adopt blockchain features without retraining every team on every ledger.

On top of that, Quant offers programmable payments tools that let banks attach conditions to money, for example releasing a remortgage payment only when completion happens. The GBTD platform uses this approach for tokenised commercial bank deposits, which stay on the banks' balance sheets. In September 2026 the first live customer transactions on GBTD included remortgage completions and a marketplace purchase where payment was released only when goods changed hands. More pilots, including digital asset settlement, were expected to follow.

QNT is a fixed-supply ERC-20 token. Quant's licensing model uses QNT behind the scenes, with fees priced for enterprises and tokens held or locked as part of the arrangement. Holding QNT does not give you ownership of Quant the company. Because the token sits on Ethereum, you need ETH to move it, and its security depends on Ethereum rather than on Quant. Quant's commercial success and the token's market value are related but not the same thing.

Key moments

1. 2018Quant launches Overledger and sells QNT in a token sale.
2. 2024Quant delivers technology for the first phase of the UK Regulated Liability Network experiment.
3. 2025Quant is selected to build the UK's tokenised sterling deposits (GBTD) platform.
4. 2026UK banks complete the first live customer transactions with tokenised sterling deposits on GBTD.

Supply

QNT has a fixed total supply of about 14.6 million tokens, and no new tokens are created. A large share has been held by the company and insiders, and licensing activity can lock tokens for set periods.

Risks to understand

• Company risk: QNT's relevance depends on one private company's commercial success, but holding QNT gives no equity or revenue rights.
• Bank adoption of Quant's software does not necessarily require large QNT purchases, so headlines may not translate into token demand.
• Concentrated holdings by the company and early holders.
• Competition from other interoperability providers and banks' in-house platforms.

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.