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<p><a href="https://bsc.news/news/quant-payscript-tokenized-deposits-clearing-house?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">Read this article on bsc.news</a></p>
<p><a href="https://x.com/quantnetwork" rel="noopener noreferrer nofollow">@quantnetwork</a> (<a href="https://x.com/search?q=%24QNT&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$QNT</a>) <a href="https://quant.network/perspectives/payments-as-a-value-creator/" rel="noopener noreferrer nofollow">published an article</a> on November 12 arguing that banks should stop treating payments as a cost centre and start selling them as products. Its example is an automatic investment sweep written in PayScript, Quant's programming language for money: when a yield rises above a set rate, 10% of the balance moves into a money market fund. Quant says it can be written in around five lines of code.</p>
<h2 id="what-payscript-does">What PayScript Does</h2>
<p>PayScript is a domain-specific language for programmable corporate payments and treasury automation, according to <a href="https://github.com/quantnetwork/payscript-language-specification" rel="noopener noreferrer nofollow">Quant's public language specification</a>. Quant describes it as a way to express conditions, approvals, limits and timing as readable rules rather than burying them in application code, <a href="https://quant.network/quant-flow-platform/" rel="noopener noreferrer nofollow">according to the company's Quant Flow platform page</a>.</p>
<p>The same page lists a "Programmable Treasury" offering that covers corporate workflows such as cash sweeps, invoice-triggered payments and FX triggers, delivered through a client's bank. For production use, banks integrate with the Quant Flow product, which runs deployed scripts and communicates with the bank's own core banking systems, the specification says.</p>
<p>The pitch is aimed at banks. Quant says Quant Flow lets them earn new revenue from programmable accounts with automated financial workflows. A sweep rule of this kind would let a corporate client's idle balance move automatically once set conditions are met.</p>
<h2 id="interbank-movement-and-the-clearing-house">Interbank Movement and The Clearing House</h2>
<p>Quant argues the model only pays off if money can move between banks. It points to its work with The Clearing House. <a href="https://x.com/TCHtweets" rel="noopener noreferrer nofollow">@TCHtweets</a> selected Quant on September 24 to provide the interoperability, orchestration and transaction-management layer for its On-Chain Money Initiative, <a href="https://www.ledgerinsights.com/the-clearing-house-selects-quant-for-tokenized-deposit-interoperability/" rel="noopener noreferrer nofollow">Ledger Insights reported</a>. Quant says its platform clears tokenized deposits between banks and connects to The Clearing House's RTP and CHIPS networks.</p>
<p>Ledger Insights said some of the largest US banks already have their own tokenized deposit products, but these mainly serve their own clients. Interoperability between those platforms would allow payments between customers of different banks. The Clearing House has set a target launch in the first half of 2027, according to the same report.</p>
<p>Quant will also offer Tokenized Deposits-as-a-Service to US institutions that use The Clearing House but lack their own tokenized deposit capability, <a href="https://blockport.io/latest-news/clearing-house-taps-quant-tokenized-deposit-network/" rel="noopener noreferrer nofollow">Blockport reported</a>.</p>
<h2 id="open-question-on-qnt">Open Question on $QNT</h2>
<p>Neither party has said how the $QNT token fits into the network. <a href="https://cryptoslate.com/us-bank-group-taps-quant-for-tokenized-deposits-but-qnts-role-is-left-in-doubt/" rel="noopener noreferrer nofollow">CryptoSlate noted in September that</a> The Clearing House and Quant do not say participating banks must hold $QNT, pay network fees in it or use it as a settlement asset. Quant's FAQ says platform fees can be paid in US dollars, or subscriptions can be made with $QNT.</p>
<p>For now, the PayScript example is a product illustration rather than a disclosed deployment.</p>
<p><strong>Sources:</strong></p>
<ul>
 <li><a href="https://quant.network/perspectives/payments-as-a-value-creator/" rel="noopener noreferrer nofollow">Quant: Payments as a value creator</a></li>
 <li><a href="https://www.ledgerinsights.com/the-clearing-house-selects-quant-for-tokenized-deposit-interoperability/" rel="noopener noreferrer nofollow">Ledger Insights: The Clearing House selects Quant for tokenized deposit interoperability</a></li>
 <li><a href="https://cryptoslate.com/us-bank-group-taps-quant-for-tokenized-deposits-but-qnts-role-is-left-in-doubt/" rel="noopener noreferrer nofollow">CryptoSlate: US bank group taps Quant for tokenized deposits, but QNT's role is left in doubt</a></li>
</ul>
<p><a href="https://bsc.news/latest-news?utm_source=coinmarketcap&amp;utm_medium=feed" rel="noopener noreferrer nofollow">See more news on bsc.news</a></p>

Quant Network Pitches PayScript Cash Sweeps to Banks, Citing Clearing House Tokenized Deposit Role

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