Overview
Quant was founded in 2018 by Gilbert Verdian, a former cybersecurity and government technology executive in the UK. It builds software to help banks and businesses connect to different blockchains.
Rather than launching its own blockchain, Quant offers Overledger, an “operating system” that lets one app talk to many networks, and QuantNet, a settlement network for tokenized money and assets, presented at the Sibos banking conference in 2025.
How it works
- Companies build apps on Overledger that can work across several blockchains and bank systems.
- They pay license fees; Quant’s model is designed so that these fees are tied to QNT tokens being locked up.
- Overledger is available through cloud providers such as Oracle and AWS.
Quant has taken part in high-profile projects, such as Project Rosalind with the Bank for International Settlements and the Bank of England (completed in 2023), which explored how a retail central bank digital currency could work, and UK tokenized deposit pilots with major banks.
The QNT token
| QNT at a glance | |
|---|---|
| Maximum supply | about 14.6 million QNT |
| In circulation (Oct 2026) | about 14.56 million |
| Price (29 Oct 2026) | about $198 |
| All-time high | about $427 (September 2021) |
| Market cap | about $2.9 billion (#38) |
QNT’s supply is tiny compared with most tokens, and almost all of it is already in circulation.
Risks
- Proprietary. Much of Quant’s software is closed-source, unusual in crypto and a frequent criticism.
- Opaque usage. It is difficult to know how much banks actually use Quant and how much QNT that requires.
- Slow adoption. Bank and central bank projects can take years and often stay as pilots.
- Competition. Chainlink’s CCIP, Canton and others target the same institutional market.
Quant vs. the competition
| Quant | Chainlink | Canton | |
|---|---|---|---|
| Focus | Connecting banks and blockchains | Oracles, cross-chain (CCIP) | Blockchain for institutions |
| Open source | Mostly no | Yes | Partly |
| Bank partners | Bank of England, UK banks | Swift, DTCC | Goldman, DTCC, Euroclear |
Our verdict
Quant is one of the few crypto projects truly built for banks, with credible central-bank and tokenized-deposit work and a very small token supply. But its closed technology makes real usage hard to judge, and banks move slowly. QNT is a high-risk bet on institutional blockchain adoption. Invest only what you can afford to lose.
This review is for information only and is not financial advice.