What is Quant (QNT) crypto? Quant is an enterprise-focused blockchain interoperability project built around Overledger, an API-based platform that connects public blockchains, private distributed ledgers, payment networks and legacy business systems. Rather than operating as a standalone Layer 1 blockchain, Quant provides middleware that lets applications coordinate data, assets and workflows across multiple networks.
What is Quant and how does it work?
Overledger acts as an abstraction layer between applications and the underlying ledgers. Developers can use a common API instead of creating separate integrations for every blockchain or financial system. Its multi-DLT applications, or mApps, can read data from, write data to and coordinate activity across compatible networks.
The Overledger Gateway provides the access and execution environment for these applications. Quant’s newer Flow Applications are reusable workflows that can be accessed through browser tools or called by backend systems. The platform also includes authentication, permissions, data isolation, auditability and other controls intended for institutional deployments.
Quant’s main use cases are in financial infrastructure. Overledger is designed to support central-bank digital currencies, tokenised bank deposits, stablecoins, securities, funds, collateral and other digital assets. It can also coordinate delivery-versus-payment, payment-versus-payment and programmable settlement while allowing institutions to retain existing core systems.
Quant supplied technology for Project Rosalind, a Bank for International Settlements and Bank of England experiment examining retail CBDC payments and API connections between central-bank infrastructure, commercial banks and payment applications. In February 2026, Quant was selected for the Bank of England’s Synchronisation Lab, where its proposed use case involves multi-bank treasury rebalancing.
Who is behind Quant and where is it based?
Quant was founded by Gilbert Verdian, who is also its chief executive. His background includes cybersecurity, government and financial-services roles, and Quant states that he established the Blockchain ISO Standard TC307 initiative in 2015. UK Companies House records show that Quant Network Ltd was incorporated in England on 28 September 2015, with Verdian appointed as a director.
Quant Network Ltd is an active private company registered in the United Kingdom, with a registered office in London. The company previously operated as Remitt Ltd before changing its name to Quant Network Ltd in June 2017. Quant’s public materials describe the business as headquartered in central London with a global presence. The available sources do not confirm a separate foundation governing the project.
Quant’s history includes the Overledger 1.0 testbed network in June 2020, the Overledger Network launch on 13 September 2021 and the broader Overledger Platform launch on 27 June 2023. Colin Paterson held a directorship in a related Quant Holdings entity, although the available corporate records do not independently establish him as a formal co-founder of Quant Network Ltd.
QNT tokenomics and supply
QNT is an Ethereum-based ERC-20 utility token associated with access to Overledger services, licensing and certain platform functions. Quant documentation also describes staking within the current Overledger environment, while commercial products may use fiat-denominated subscriptions.
CoinStats reports a circulating supply of 14,544,176 QNT and a total supply of 14,612,493 QNT. The supply is generally treated as fixed, with no continuing mining or staking-based inflation. Historical token records state that unsold tokens from the original distribution were destroyed, leaving the current capped supply. Locking tokens for access or staking can reduce liquidity, but it does not permanently remove those tokens.
Consensus and security model
Quant has no independent proof-of-work or proof-of-stake consensus mechanism because Overledger does not maintain a standalone base ledger. Transactions recorded on connected networks retain the consensus rules and security assumptions of those networks, including Ethereum, Corda or private distributed ledgers.
Overledger adds platform-level controls such as authentication, access permissions, secure smart contracts, multi-signature wallets, policy enforcement and audit trails. Consequently, security also depends on the connected ledgers, bridge design, Gateway deployment, custody arrangements and institutional governance.
Partnerships and development direction
Quant has reported collaborations involving Oracle, SIAchain, the Digital Pound Foundation, UK Finance and the Bank of England. In September 2025, Quant was selected to provide infrastructure for the UK tokenised sterling deposits project. On 24 September 2026, it announced a partnership with The Clearing House for the On-Chain Money Initiative, which is intended to support interoperable tokenised-deposit payments.
Current development is focused on regulated financial infrastructure rather than launching a separate general-purpose blockchain. Quant Flow targets programmable money, bank connectivity and automated payments. Quant Fusion focuses on coordinating tokenised money, assets and settlement across networks, while QuantNet is designed for programmable settlement with compliance, KYC, AML and audit features.
The project’s core advantage is that institutions can connect multiple ledgers and existing systems without selecting one blockchain or rebuilding their entire technology stack. Its main limitation is that adoption of Overledger does not by itself prove that every institutional deployment requires direct use of QNT.