Quantum (QNT) experienced a significant surge in price following the announcement that Quant was chosen to develop the core infrastructure for the UK’s Tokenised Sterling Deposits (GBTD) project. This partnership, which includes major UK banks, positions Quant at the forefront of programmable payments and interoperability, leading to heightened expectations for long-term adoption and potential growth in the QNT price.
The impact of this news was immediately reflected in the QNT price chart, with trading volume and open interests spiking after the announcement. In just a few hours, the price of QNT cryptocurrency rose by over 10% intraday, signaling a positive sentiment among institutions towards the project.
Quant’s selection by UK Finance for the tokenised sterling deposits project is a testament to its credibility among global financial giants. With institutions managing trillions in assets collectively, this partnership showcases strong institutional support for Quant’s infrastructure.
Quant will play a crucial role in facilitating live transactions of tokenised deposits, programmable payments, RTGS connectivity for trillions in yearly settlements, and interoperability across Faster Payments and Open Banking systems. This marks a significant step in mainstream finance’s adoption of blockchain technology beyond just stablecoins.
The market outlook for QNT is optimistic, with some traders predicting that the price could reach $170 in the short term and potentially hit $215 by the end of the year. The technical analysis of the QNT/USD trend suggests strong accumulation momentum supported by institutional credibility, indicating the potential for sustained growth as the adoption of tokenised deposits expands in the financial system.
The combination of adoption momentum, global banking partnerships, and increasing investor interest positions QNT crypto as one of the top tokens to watch in the final quarter of the year. As the project progresses and more developments unfold, QNT’s price trajectory is expected to reflect the growing significance of its role in programmable payments and interoperability within the financial industry.