Quant (QNT) is the native utility token of Overledger, the interoperability platform built by Quant Network Ltd. What Quant is in practice is an enterprise middleware layer that connects bank systems and multiple blockchains through standard APIs. The QNT token trades at $200.04, up 3.90% over 24 hours.
Core technology and architecture
Overledger offers one set of credentials, one API surface and one execution environment across public networks such as Ethereum, Polygon and Solana, as well as public and private permissioned networks (Overledger Docs). A Gateway authenticates clients and orchestrates workflows, while Connectors abstract the RPC protocol of each ledger behind a common interface (Oracle Blockchain blog). Supported families include Canton, Corda, Cosmos, EVM, Hedera, Hyperledger Fabric, Oracle blockchain and Solana (Overledger Docs).
The Fusion Rollup, which Quant calls a "Layer 2.5," is a multi-ledger rollup that connects several chains rather than scaling one (Quant). It went live on mainnet on 2 June 2026 with connections to 74 blockchain networks (Quant).
Primary use cases and real-world applications
Quant's published use cases include cross-chain transactions, multi-chain smart contract execution and asset issuance without holding crypto (Quant). The most documented deployments are in tokenised deposits:
- UK GBTD: On 24 September 2026, UK Finance reported the first live customer transactions using tokenised sterling deposits on a platform developed by Quant. Participants were Barclays, HSBC UK, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander (UK Finance).
- The Clearing House: On 24 September 2026, The Clearing House selected Quant for its On-Chain Money Initiative, a network for clearing and settling tokenised deposits with connectivity to RTP and CHIPS (The Clearing House).
- Capital markets: A March 2026 partnership with Murex integrates Quant's infrastructure into the MX.3 platform, allowing banks to issue, settle and manage tokenised deposits and digital bonds (Murex).
Who is behind Quant and where is it based?
Gilbert Verdian is the founder and CEO of Quant. Quant's biography says he has more than 20 years of cybersecurity experience, with C-level roles as CISO, CIO and CTO, and past work at HM Treasury, the Cabinet Office, Mastercard, Vocalink, EY, PwC, BP and HSBC (Quant). The team is not anonymous, and its leaders are named in public registers and Quant's materials.
The legal entity is Quant Network Ltd, a private limited company incorporated in England and Wales on 28 September 2015 under company number 09798383. Its registered office is at 20-22 Wenlock Road, London, N1 7GU, United Kingdom (GOV.UK Companies House). The company traded as Remitt Ltd until its name changed on 2 June 2017. Quant's own materials give 2018 as the founding year, and the sources differ on this point because the 2015 date refers to the legal entity. Quant describes itself as "UK-based with a US presence" (Quant bio). The sources do not identify a foundation or a separate token-issuing entity. Kraken reports that no foundation, DAO or onchain governance mechanism exists (Kraken).
Tokenomics
Total supply is 14,612,493 QNT, and circulating supply is 14,556,178 QNT. Quant's market capitalisation is $2.91B, ranking #45, with 24h trading volume of $65.85M. The token is 53.20% below its all-time high of $427.42.
Supply is fixed. Kraken states that no QNT has been created since the 2018 token sale (Kraken). Quant burned 9,545,765.95 QNT on 14 September 2018, which removed unsold tokens (CryptoCompare). According to IQ.wiki, the post-burn allocation was 9,964,259 QNT sold in the public ICO, 2,649,493 to the company reserve, 1,347,988 to founders and 650,753 to advisors (IQ.wiki).
Demand comes mainly from fees. Quant introduced an annual Overledger licence fee of £100 on 10 December 2021, payable in QNT (Quant). Quant's documentation also lists Fusion gas fees and trusted-node staking as uses (Kraken). One analyst view holds that clients can pay licences in stablecoins, with Quant then locking the equivalent QNT from its treasury, so open-market demand is limited (8Blocks).
Consensus mechanism and network security model
Quant does not operate a conventional standalone consensus protocol. Fusion's security rests on a Trusted Node Program in which approved operators determine which underlying blockchains to host, and node operators stake QNT for transaction priority (Overledger.dev on X). Quant states that this structure lets institutions choose which processors handle their transactions and where (Quant).
Public descriptions of staking are inconsistent. One guide states there is no staking and no yield (web3wagmi), which conflicts with Quant's description of trusted-node staking.
Key partnerships and ecosystem integrations
- Bank of England and BIS: Quant was a technology vendor for Project Rosalind, which explored APIs for CBDC systems (Quant).
- Dentsu Soken: A strategic partnership announced on 14 January 2026 supports Japanese institutions adopting tokenised deposits (PYMNTS).
- Oracle: Quant partners with Oracle to enhance cross-ledger interoperability (Digital Pound Foundation).
- SIA: SIA and Quant signed a partnership in June 2019 to explore blockchain interoperability. SIA is now part of Nexi Group (Quant Partners).
The sources reviewed do not confirm a Mastercard partnership or an LCH partnership.
Competitive advantages and unique value proposition
Quant positions Overledger as a protocol-agnostic gateway for connecting permissioned enterprise networks, public chains and legacy systems (Messari). Its main differentiators are breadth of connectivity, with 74 networks at Fusion's launch, and live regulated deployments in 2026. Quant also states that a tokenised deposit can remain native to a bank's permissioned network while settling against assets on other networks (Quant).
Current development activity and roadmap
- Fusion Rollup: Live on mainnet since 2 June 2026.
- Flow Applications: Multi-step workflows that can trigger subflows, described by Quant on 21 May 2026 (Quant).
- GBTD expansion: Quant states that more pilots are expected in the coming months, including digital asset settlement (Quant on X).
- The Clearing House network: Expected to open to participating institutions in the first half of 2027 (TokenPost).
The research did not return material on Overledger 3.0 or MIA, so no roadmap details are reported for them.