Quant has been selected to provide infrastructure for the UK's tokenization of the pound deposit project.

On September 26, Quant CEO Gilbert Verdian tweeted that "Quant has been selected to develop a new payment infrastructure and banking technology for the UK's tokenized pound deposit (GBTD) project. This project is a pioneering financial market infrastructure initiative led by UK Finance, in collaboration with major commercial banks including Lloyds, Barclays, HSBC, NatWest, Santander, and Nationwide."

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