#34 / Infrastructurequant-networkPending source review

Quant

Enterprise middleware connecting banks and existing systems to multiple ledgers.

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Token

QNT

Sector

Interoperability middleware

QNT market

CoinGecko data; may be delayed.

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Tokenomics

Market cap

$2.95B

Fully diluted valuation (FDV)

$2.96B

Circulating vs diluted1.00x

Circulating supply: 14.56M
Total supply: 14.61M
Max supply: 14.61M

99.6% of the achievable supply is already circulating.

All-time high (ATH)

$427.42 -52.58% · Sep 11, 2021

Source: CoinGecko, snapshot of Oct 26, 2026. Figures may be delayed.

On-chain fundamentals

This asset is not mapped to a DefiLlama-tracked protocol or chain, or the provider reports no data for it. When a verified mapping exists, the table appears here.

Why it matters

Quant takes an unusual approach for a crypto project: its Overledger product is enterprise software that lets institutions interact with several blockchains through a single API layer, rather than a chain of its own. Its focus is regulated finance and central bank digital currency infrastructure, which means its progress is measured in institutional contracts more than in on-chain metrics.

General research guidance, not analysis specific to this asset. Detail is pending.

Track the real organization or foundation behind the token, not just the ticker.

Separate token utility from price action before building a position.

Compare network usage, liquidity, incentives, and governance quality against nearby competitors.

How it works

Quant builds interoperability and programmable-money rails for regulated institutions. Its founding product, Overledger, abstracts connections to many ledgers behind a single API layer; the current commercial push is Quant Flow, a rules engine for programmable money across bank accounts and stablecoins, with PayScript as its policy language. The company cites central-bank work among its references — contributions to the digital pound, the digital euro, UK real-time settlement exploration, and tokenized-deposit pilots.

Token utility

Licensing and access to Overledger enterprise gateways

Payment layer for cross-ledger operations

Exposure to regulated interoperability infrastructure

Value capture

QNT is an access asset: enterprises hold it to license Overledger and related platform use, treating it like a metered enterprise subscription rather than a currency. Token demand therefore follows institutional contracting cycles — slow but sticky — not retail trading volume. The pivot to programmable-money rails deepens the institutional dependency while concentrating revenue in a small number of large contracts.

Supply and issuance

QNT has a fixed supply set at genesis — roughly 14.6 million tokens — with no inflation and no burn. Scarcity is absolute but static: value accrual depends entirely on demand for commercial licenses, since the token buys nothing except platform access and does not earn fees from the money flowing over the rails.

Governance

There is no on-chain governance: roadmap and protocol decisions are made by Quant Network the company, and token holders have no vote. That is deliberate enterprise design — banks prefer an accountable vendor — but it makes QNT closer to usage rights linked to a company's fortunes than to a community-governed protocol asset.

Key risks

Very limited public on-chain activity to verify adoption
Revenue depends on enterprise contracts that are rarely disclosed in detail
Token value linkage to product usage is less direct than in protocol tokens

Frequently asked questions

Does QNT rise automatically with Quant Flow's success?

Only through license demand: Quant's revenue is corporate income, and the token's only defined utility is access to the platform. If institutional contracts grow, the assumption is that enterprises need QNT for licenses — but the link is indirect, and treating QNT like equity over Quant's revenue overstates what the token actually grants.

Is Quant decentralized?

The token is permissionless to hold and trade, but the platform is a managed enterprise service: operations, roadmap and contracts run through the company. That is the tradeoff that makes it sellable to banks — counterparty clarity in exchange for the censorship-resistance and community governance that define public chains.