Quant collaborates with TCH to provide a tokenized deposit interoperability layer for the regulated banking system in the United States

Blockchain interoperability company Quant announced a collaboration with The Clearing House (TCH) to introduce programmable money in the United States, providing an interoperability layer for tokenized deposits within the regulated banking system, allowing tokenized deposits to circulate within the banking system.

Quant stated that this collaboration continues its related work in the UK, Europe, and other regions. The company mentioned the On-Chain Money Initiative in the announcement and released a press release and blog explaining the details of the collaboration.