Quant in autumn 2026: from niche token to a banking story
Quant (QNT) had the strongest month of its recent history in September 2026. It opened the month at around 61 US dollars and peaked at 357 US dollars on 27 September. The trigger was well documented: The Clearing House, the bank-owned operator of the US payment systems RTP and CHIPS, selected Quant on 24 September as technology partner for a tokenized deposit network. Our article Quant and tokenized deposits: what The Clearing House mandate means explains the background.
Scarce supply, open token question
QNT benefits from a supply side with hardly any dilution: of at most 14.88 million tokens, around 12.07 million are in circulation, just over 81 percent. What speaks against a straight run higher is that the contracts are signed by Quant the company. Whether Overledger revenue reaches the token decides the long-term valuation, and no press release answers that question.
The crypto market right now
Total value and sentiment of the market from our own charts. While the page is open, the values refresh at the pace of their source.
What is Quant (QNT)?
QNT is issued by Quant Network, a London company founded in 2015 by Gilbert Verdian. Quant does not run its own blockchain; it builds software that connects existing networks with each other and with bank systems. Its core product Overledger is an application programming interface: a bank writes its application once and can reach several public and private blockchains through it. Since 2 June 2026 the Fusion Rollup has also been live on mainnet, connected to 74 networks according to Quant. It represents a token that exists on several blockchains as one single balance.
QNT itself is a token on Ethereum. Since December 2021 Quant has charged an annual Overledger licence fee payable in QNT; for developers Quant put it at 100 pounds. Quant has not published how large the licences of major institutions are, or whether revenue such as the deal with The Clearing House also runs through QNT. That is exactly what decides how much of the company's success reaches the token.
Quant (QNT) key figures
| Metric | Value |
|---|---|
| Current price | $293.62 |
| Market cap | $3,544,800,000 |
| Circulating supply | 12,072,738 (around 81 percent) |
| Maximum supply | 14,881,364 QNT, fixed cap |
| All-time high | around 428 US dollars on 11 September 2021 |
| 2026 low | around 54 US dollars on 6 February 2026 |
| Blockchain | Ethereum (ERC-20 token) |
| Founded | 2015, London, founder Gilbert Verdian |
What actually moves the Quant price
Quant builds Overledger, an enterprise platform that connects public and private blockchains with traditional banking systems. Instead of building a separate connection for each network, a bank reaches several through one interface. Since March 2026 the software house Murex has been embedding the technology into its MX.3 platform, which runs trading and post-trade processing at many banks. At the Sibos banking conference in Miami, from 28 September to 1 October 2026, the two show a repo trade against tokenized US Treasuries in which tokenized deposits settle the cash leg.
The price therefore reacts mainly to news from the banking sector and less to retail sentiment. That makes QNT one of the few altcoins whose thesis can be measured against verifiable contracts and dates.
The metrics we watch for Quant
- Delivery at The Clearing House: the network is due to be available in the first half of 2027. Any delay or firm date changes the thesis immediately.
- Further bank mandates: what counts is a signed contract or live operation, not a statement of intent.
- The token's role in licensing: is QNT required to use Overledger, and to what extent? This is the link between company revenue and token demand.
- Trading volume relative to market cap: turnover was 4 percent on 26 September and 29 percent a day later. Only once volume normalises will it show how much of the demand stays.
The valuation problem: company success is not token success
A contract between a banking organisation and a software vendor first creates revenue for the vendor. It only reaches the token if QNT is technically or contractually tied into usage, for example as a licence unit or fee carrier. Our scenarios therefore do not assume that every new mandate lands one to one in the price. How overheated the market is after the breakout is covered in our analysis Is Quant a good buy at the current price?
Where this forecast could fail
If The Clearing House network is delayed or other institutions choose different vendors, the follow-up proof is missing. And a token that traded around 10 million US dollars a day before the breakout has a thin order book: profit taking can knock the price back as quickly as it rose.
Quant price history: from the all-time high to the bank mandate
The table shows yearly values on the Binance spot market, rounded to full US dollars. Two things stand out: Quant did not return to its 2021 peak for five years, and between 2022 and 2025 the price moved in a wide band between 40 and just over 200 US dollars. Only The Clearing House mandate lifted it out of that band in September 2026.
| Year | Open | Low | High | Close |
|---|---|---|---|---|
| 2021* | $100 | $100 | $430 | $179 |
| 2022 | $179 | $40 | $228 | $105 |
| 2023 | $105 | $84 | $165 | $138 |
| 2024 | $138 | $50 | $172 | $107 |
| 2025 | $106 | $50 | $136 | $70 |
| 2026** | $70 | $54 | $373 | $298 |
* from the Binance listing on 29 July 2021. ** through 30 September 2026. Some lows, such as on 10 October 2025, come from brief market-wide crashes.
Quant compared: Chainlink, XRP and Hedera
Several projects compete for banks as customers, each with a different approach. The comparison shows where Quant differs.
| Project | Approach | Role of the token | Our forecast |
|---|---|---|---|
| Quant (QNT) | software connecting existing networks and bank systems (Overledger, Fusion) | licence fee in QNT, scope for large clients undisclosed | this page |
| Chainlink (LINK) | data feeds and a protocol for transfers between blockchains | payment of node operators, staking | Chainlink price prediction |
| XRP | own blockchain for fast payments between institutions | bridge currency and network fees | XRP price prediction |
| Hedera (HBAR) | own network governed by a council of large corporations | network fees and staking | Hedera price prediction |
The key difference: Quant does not ask banks to pick one network. For cautious institutions that is a selling point, but for the token it means it is not automatically needed for every transaction.
Can Quant reach 1,000 US dollars?
In our optimistic scenario QNT stands at $1,108.4 in 2029 and at $2,286.7 in 2033. The average for 2033 is $423.56. A price of 1,000 US dollars would mean a market cap of around 12 billion US dollars at today's circulating supply. For that, Quant would have to be more than a supplier to one banking initiative: several large networks would need to run live on Overledger or Fusion, and the token would demonstrably have to be tied to that revenue.
Buying or shorting Quant
QNT is listed on the major exchanges. What matters for fees, trading pairs and licensing is covered in our comparison of the best crypto exchanges. To bet on a pullback after the steep rise, traders use perpetual futures: on 30 September 2026 QNT contracts were listed at Binance, OKX, Bitget, Bybit and Kraken Futures. In the EU the choice is narrower, because OKX's regulated X-Perps for European customers do not include QNT and Bitget does not accept new EU customers. Leverage cuts both ways: after a rise like September's, a short squeeze can wipe out a position within hours. None of this is a recommendation.
