- Quant network has partnered with UST to help financial institutions build CBDCs, stablecoins, and so on.
- UST has worked with the best companies in the world to make a real difference through change.
In a Press release on 22 November 2022, Quant, announced that it teamed up with UST, a leading digital transformation solutions company, to offer technical integration and tokenization services to central banks, commercial banks, and participants in the capital markets.
UST has worked with the best companies in the world to make a real difference through change. they work with clients as partners from the design stage to the day-to-day running of their businesses.
“UST has been at the forefront of blockchain services for almost a decade and their customer focus is aligned with our approach. The partnership will ensure that financial institutions can create new business opportunities and innovate with new DLT-embedded products and services to tokenise existing asset classes.” stated by Gilbert Verdian, Founder and CEO of Quant.
“We have partnered with Quant because of the flexibility and agility inherent in its technology. Built with financial institutions in mind, Quant’s Overledger API gateway is the perfect foundation to bring the benefits of blockchain to a multitude of businesses in this sector.” stated by Daniel Field, Global Head of Blockchain, UST.
According to the press release, Quant Network would provide the foundational technology needed, and UST would help interested financial institutions by designing user interfaces and integrating them through its sandbox. The partnership makes it easier for major distributed ledger networks to accept digital currencies from central banks, digital money in the form of commercial stablecoins, and digital securities.
Quant (QNT) Price Chart
Since FTX suddenly crashed a few weeks ago, the price of QNT has gone down by 27%. While the price drop was in line with the market’s overall downtrend, QNT showed an uptrend on a weekly time frame.
According to market structure, QNT is moving upward because it did not break previously lower, which is $101, and also because QNT is the best performing coin in a bear market, and QNT is moving forward to the $280 region again, according to my analysis.