A tweet with millions of reads pushes FOMO emotion to the extreme.

Written by: Azuma, Odaily Planet Daily

This past weekend, Quant (QNT) grabbed attention in the crypto market with its astonishing price surge, becoming one of the most notable tokens. As of the time of writing, QNT is reported at 265 USDT, having increased by 46.64% in 24 hours and showing a staggering 297.3% rise over the past 7 days, peaking at 373 USDT at one point.

What happened behind this near three-fold increase in just a week?

What exactly is QNT?

Quant is a UK fintech company established in 2018. Its core business is not building a public chain similar to Ethereum or Solana, but rather providing blockchain interoperability, digital assets, and programmable currency infrastructure to financial institutions.

Quant’s core product Overledger can be understood as an intermediate layer connecting traditional financial systems with different blockchains. Quant aims to allow banks to access tokenized deposits, digital assets, and various distributed ledgers without needing to rebuild their existing systems. The official positioning of Overledger is to connect digital currencies, assets, traditional payment rails, banking infrastructure, and blockchain networks.

This is also why Quant has frequently appeared in recent years within central banks, banks, and payment projects. For example, Quant participated as a technology provider in the BIS and Bank of England's Project Rosalind; in 2025, it entered the European Central Bank’s digital euro innovation platform’s Pioneer project to test functions such as conditional payments. Its founder, Gilbert Verdian, has also been involved in promoting the ISO/TC 307 standard for blockchain and distributed ledger technology, serving as the convener of the interoperability working group.

As for QNT, it is Quant's native token. According to Quant’s official data, subscription fees for the Overledger platform can be paid using QNT. In other words, Quant is essentially selling financial infrastructure, and QNT is the token linked to this commercial system.

However, what has truly reignited market interest in it is a recent cooperative advancement.

News sparks fire, FOMO sentiment boosts

The starting point for the current QNT price surge can be traced back to September 24, when Quant announced its partnership with The Clearing House (TCH), a US financial infrastructure institution.

The core content of the collaboration is that TCH will choose Quant to provide technical support for its On-Chain Money Initiative, aiming to establish an interoperable payment network for financial institutions for the clearing and settlement of tokenized deposits. Quant will handle interoperability, transaction orchestration, and transaction management, while connecting existing payment systems like RTP and CHIPS. This network is expected to open to participating institutions in the first half of 2027.

This collaboration is noteworthy in the market because Quant is not entering a single bank’s experimental project, but rather the payment infrastructure of the US banking system.

TCH’s payment network processes over 2 trillion US dollars in payment clearing and settlement business daily, and its On-Chain Money Initiative was announced back in June, specifically aimed at exploring how tokenized deposits can enter interbank payments, corporate cash management, and digital asset settlement scenarios.

Of course, there is a detail here that can be easily exaggerated in market narratives—TCH's daily processing of 2 trillion dollars does not imply that in the future, 2 trillion dollars will be settled through QNT. Current public information only confirms that Quant has become the technology provider for this program, responsible for the infrastructure layer, but it has not disclosed whether participating banks need to hold or use QNT.

Moreover, TCH is not the only recent case of Quant breaking into traditional financial infrastructure. In January of this year, Quant reached a strategic cooperation with Japanese system integrator Dentsu Soken, planning to jointly promote the adoption of tokenized deposits, institutional stablecoins, and programmable settlement infrastructure among Japanese financial institutions; in March, Quant collaborated with financial software giant Murex to integrate its programmable currency infrastructure into Murex's MX.3 platform, allowing banks to handle tokenized deposits and digital bonds within existing trading, risk control, and post-trade systems; even earlier, Quant participated in the UK GBTD (Great British Tokenised Deposits) project. This month, the UK Finance Association announced that Barclays, HSBC UK, Lloyds, Monzo, Nationwide, NatWest, and Santander had completed the first real customer transactions of tokenized pound deposits, with Quant being the technical infrastructure provider for the project...

These scattered advancements have recently been strung together into a narrative in the market—TCH in the US, GBTD in the UK, Dentsu Soken in Japan, and in the capital market, there’s Murex. Quant seems to be becoming the “infrastructure supplier” for traditional financial institutions exploring tokenization and programmable currencies.

What truly pushed this narrative to a climax of sentiment was a tweet from overseas KOL Jan Nieuwenhuijs.

On September 27, Jan quoted his 2013 “buy the dip” post on BTC: “I recommend everyone to buy at least 1 BTC; the risk is losing 300 dollars, but the potential profit is 10,000 dollars,” and used the same format to “buy the dip” on QNT: “I recommend everyone to buy at least 1 QNT; the risk is losing 120 dollars, but the potential profit is 10,000 dollars.”

With the initial rise of QNT, this tweet quickly spread in the community, and by the time of writing, the views had already exceeded ten million, pushing QNT’s upward momentum further.

Thus, what originally belonged to the domain of professional financial infrastructure news was further compressed into a highly shareable story—“Missing BTC back then; at least don't miss QNT now.” Coupled with a recent resurgence of overall risk appetite in the crypto market, funds are naturally more inclined to chase high-elasticity assets, and with institutional collaborations, scarce supply, and narratives reminiscent of early BTC all appearing simultaneously, QNT’s rise evolved from “good news driven” to a clear FOMO trend.

Does “business growth” equal “value capture”?

From the perspective of the project itself, the recent rise of QNT is not without fundamental support. Whether it be TCH’s on-chain monetary plan or relevant projects in markets like the UK and Japan, it indicates that Quant is receiving actual validation of its technical capabilities from traditional financial institutions. As tokenized deposits and digital asset settlements gradually move from concept to implementation, there indeed exists further growth space for Quant in its field.

However, for the QNT token, “Quant's business growth” and “QNT's value capture” still cannot be equated. Current public information confirms that QNT can be used to pay for Overledger subscription fees, but how much revenue these banking and financial infrastructure projects will bring to Quant, and how much of that will translate into actual demand for QNT, still lacks sufficient data. Especially after a near 300% surge in just a week, market trading is not only on these already established collaborations but also includes advanced pricing of future value capture.

Therefore, QNT currently resembles a repricing that catalyzes fundamentals and resonates with market sentiments. However, the faster the price rises, the greater the potential gap between expectations and reality could become. For tokens that have already experienced such a drastic rise, what will truly be worth observing in the future may not be how many more partners can be found, but whether these collaborations can ultimately convert into quantifiable commercial revenue and subsequently drive real demand for QNT.

From the latest market sentiment, there also seem to be signs of cooling in the short term. Notable trader Doctor Profit (@DrProfitCrypto) tweeted this morning on X that he has taken profit on all QNT positions. While he doesn't rule out further upward movement in the future, he noted that the current bulls are overly crowded, and he is aware that some large holders have begun secretly unloading, prompting his decision to retreat.

For all investors, standing on a base of a 300% increase, it is crucial to pay attention to short-term volatility risks.