Quant (QNT) is the native ERC-20 token on Ethereum of Quant Network's Overledger platform, an interoperability system.
Overledger is described by the company as an interoperable blockchain operating system, allowing applications to read and write data across multiple different blockchains and legacy systems without replacing existing infrastructure. Quant Network Ltd, a UK-based company, develops and operates the platform, targeting banks, financial institutions, and government organizations.
Quant differentiates itself by targeting enterprise and government customers rather than retail DeFi users, monetizing blockchain interoperability itself rather than offering a single-purpose chain.
Overledger licenses are paid in QNT, and per-transaction fees on cross-chain data operations are also converted to and often locked in QNT, tying platform usage directly to token demand. Recent traction includes a partnership embedding Quant's Flow and Overledger infrastructure into Murex's MX.3 trading platform for tokenized deposits and digital bond settlement, and selection for a UK Finance-led tokenized-deposit pilot with major British banks.
QNT is a utility token used to pay for access to Quant Network's Overledger platform, not a governance token.
Enterprises pay annual Overledger platform license fees in QNT, and per-transaction fees for cross-chain data operations are charged and often locked in QNT. Holding QNT does not grant voting rights or protocol control; its function is tied to platform licensing and usage rather than staking, collateral, or fee-discount mechanisms.
Quant's total supply is fixed at 14,612,493 QNT, with approximately 14,544,176 QNT in circulation as of 2026-08-31.
No further minting occurs, making net emission fixed rather than inflationary or deflationary.
QNT launched through a 2018 token generation event that concluded on August 10, 2018, following an initial coin offering.
The main public sale, which ended April 30, 2018, raised $11 million at a token price of $1.10; cumulative funding across five rounds through the token generation event reached $26 million. The team originally minted 24,000,000 QNT, later burning approximately 9.4 million in September 2018 to fix supply. This on-chain deployment postdates Quant Network Ltd's company founding, which was incorporated in 2015.
Quant (QNT) is deployed as an ERC-20 token on Ethereum, which secures the network through proof-of-stake consensus.
Quant Network does not operate its own base-layer blockchain or validator set. Overledger instead functions as an interoperability layer that connects to and coordinates data across multiple existing distributed ledgers rather than replacing them with a new chain.
Quant Network was founded by Gilbert Verdian, who serves as CEO. Verdian brings more than 20 years of cybersecurity and CISO/CIO/CTO experience across government bodies including the UK Cabinet Office, HM Treasury, and Ministry of Justice, and companies including Mastercard, Vocalink, EY, PwC, and HSBC.
Co-founders cited include Colin Paterson and Paolo Tasca. Other named executives include Martin Hargreaves (Chief Product Officer), Andrew Carrier (Chief Marketing Officer), Lenna Russ (Chief Commercial Officer), Phil Ashton (Chief HR Officer), and Dr. Luke Riley (Head of Innovation).
Quant Network Ltd, a UK private limited company incorporated on 28 September 2015 (Companies House number 09798383), develops and operates the Overledger platform.
The company is registered at 20-22 Wenlock Road, London, N1 7GU, England. It describes Overledger as the first interoperable blockchain operating system, built primarily to serve banks, financial institutions, and governments rather than retail cryptocurrency users.
QNT carries no on-chain or corporate governance rights; holding the token does not confer voting power over Quant Network or the Overledger protocol's direction.
Quant Network Ltd operates as a centralized corporate entity controlling platform decisions, with no DAO or token-voting mechanism in place. Separately, the QNT ERC-20 contract itself has no owner/admin privilege, meaning the token contract is decentralized at the code level even though organizational governance remains fully centralized within the company.
In March 2026, Quant Network and Murex announced a partnership embedding tokenized deposits and digital bond settlement into Murex's MX.3 trading platform. The integration also covers bond issuance and is built on Quant's Flow and Overledger infrastructure.
Quant was also selected to deliver core interoperability infrastructure for the UK Finance-led "Great British Tokenized Deposit" pilot, whose consortium includes HSBC, Barclays, Lloyds Banking Group, NatWest, Nationwide, and Santander. The pilot covers use cases such as online-marketplace fraud reduction, faster remortgaging, and on-chain settlement of tokenized-asset transactions, with a scheduled milestone in mid-2026.
EtherAuthority audited the QNT ERC-20 contract on May 22, 2024, using Slither, Solhint, Remix, and manual review. The audit rated the contract "Secured," with no critical, high, or medium-severity findings, only seven very-low-severity issues, and confirmed the contract has no owner or admin privilege.
No CertiK audit of Quant or Immunefi bug bounty program was found. Structural risk factors include high on-chain liquidity risk relative to peers, and holder concentration where the top 10 holders control 29% of circulating supply.