Quant and UST Partner to Accelerate Adoption of Institutional Digital Assets in Financial Services

The partnership allows banks and capital market participants to tokenize existing asset classes and issue interoperable digital assets, creating new business opportunities and revenue streams quickly and easily

BENGALARU, India And LONDON, November 22, 2022 /PRNewswire/ — Quantitythe pioneer of blockchain for finance, partnered with FSOa leading digital transformation solutions company, to provide technical integration and tokenization services to central and commercial banks and capital markets participants.

These services will help financial institutions adopt digital assets, as they increasingly realize the benefits of distributed ledger technologies by issuing digital money and tokenizing existing asset classes for faster settlement speed and access to new markets and customers

Quant will provide the core technology and UST will provide support through user interface design and integration via its Sandbox located in their London Innovation Lab. The partnership facilitates the issuance of central bank digital currencies, digital money in the form of commercial stablecoins and digital securities on major distributed ledger networks. By partnering with the two firms, financial institutions can reduce the lifecycle of their blockchain projects to just a few weeks.

Quant uses low-code APIs to issue highly secure, externally validated digital assets and tokenized currencies. Its Overledger gateway enables business flows used by banks for accounts, payments and settlement and can connect to exchanges and venues for wealth management.

The global tokenization market has been rated at $2 billion in 2021; Overall growth of 24% is expected over the next eight years, according to Grand View Research. Additionally, CBDC pilot projects are now taking place around the world which will unlock new capabilities for governments, businesses and consumers. Today, more than 50 countries are in an advanced stage of exploration for CBDCs and 19 of the G20 countries are considering a digital currency.

Gilbert VerdianFounder and CEO of Quant, said: “UST has been at the forefront of blockchain services for nearly a decade and their customer focus aligns with our approach. The partnership will ensure that financial institutions can create new business opportunities and innovate with new products and integrated DLT services to tokenize existing asset classes.”

Daniel CampGlobal Head of BlockchainFSO, said, “We partnered with Quant because of the flexibility and agility inherent in their technology. Built with financial institutions in mind, Quant’s Overledger API gateway is the perfect foundation for bringing the benefits of blockchain to a multitude of businesses in this sector “.

About How many

Quant is the future of finance. Today.

We unlock the power of blockchain for everyone, delivering interoperable ecosystems and real-world solutions that simply work so our customers create new business opportunities and create competitive advantage in record time.

We work with financial institutions, governments, multinational corporations, and the fintech partners and developers who support them, to deliver enterprise-grade technology built with security and compliance in mind.

Established in 2018, Quant is headquartered in the UK and has a presence in the European Union and the Americas. We drove the ISO Blockchain TC307 standard adopted by 57 countries and organizations around the world and solved the interoperability with the creation of the world’s first blockchain-agnostic API gateway, Overledger. Our leadership team has deep experience in government, financial services, technology, healthcare and management consulting. Our partners include Amazon Web Services and Oracle, and we are a founding member of the Digital Pound Foundation.

To learn more, visit quant.network.

Media Contacts, Quant

Rebecca Hackworth
Head of Communications, Quant
And- [email protected]
t- @R_Hackworth

About FSO

For more than 22 years, UST has worked hand-in-hand with the world’s best companies to make a real impact through transformation. Fueled by technology, inspired by people, and driven by our purpose, we partner with our customers from design to operation. Through our agile approach, we identify their core challenges and create disruptive solutions that bring their vision to life. With deep industry experience and a future-proof philosophy, we build innovation and agility into our clients’ organizations, delivering measurable value and lasting change across industries and around the world. Together, with more than 30,000 employees in over 30 countries, we create limitless impact, touching billions of lives in the process. Visit us at www.UST.com

Media contacts, FSO:
Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602
[email protected]

Media Contacts, United States:
S&C PR
+1-646.941.9139
[email protected]

Makovsky
[email protected]

Media contacts, Australia:

Lewis team
[email protected]

Media contacts, UK:
FTI consultancy
[email protected]

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg
SOURCE UST

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