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

Partnership enables banks and capital market players to tokenize existing asset classes and issue interoperable digital assets, creating new business opportunities and revenue streams quickly and easily

BENGALERU, India and LONDON, November 22, 2022 /PRNewswire/ — Amountthe pioneer of blockchain for finance, has partnered with USTa leading digital transformation solutions company, to provide technical integration and tokenization services to central and commercial banks and capital market players.

These services will help financial institutions embrace 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 core technology, and UST will provide support through design and user interface integration through its Sandbox based in their London innovation lab. The partnership facilitates the issuance of central bank digital currencies, digital currency in the form of commercial stablecoins, and digital securities on major distributed ledger networks. By working with both companies, financial institutions can shorten 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 trade flows used by banks for accounts, payments and settlements, and can connect to exchanges and asset management venues.

The global tokenization market was valued at $2 billion in 2021; compound growth of 24% is expected over the next eight years, according to Grand View Research. Additionally, CBDC pilots are currently underway around the world, which will unlock new capabilities for governments, businesses, and consumers. Today, more than 50 countries are in an advanced phase of exploring CBDCs, and 19 of the G20 countries are considering a digital currency.

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

Daniel Fieldglobal head of blockchainUST, said, “We partnered with Quant because of the inherent flexibility and agility of its technology. Designed for financial institutions, Quant’s Overledger API Gateway is the perfect foundation to bring the benefits of blockchain to a host of businesses in this industry.

About Quant

Quant is the future of finance. Today.

We unleash the power of blockchain for everyone, providing interoperable ecosystems and real-world solutions that simply work for our clients to create new business opportunities and develop competitive advantage in record time.

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

Founded in 2018, Quant is based in the UK with a presence in the European Union and the Americas. We led the ISO TC307 Blockchain standard adopted by 57 countries and organizations worldwide and solved interoperability with the creation of the world’s first blockchain-agnostic API gateway, Overledger. Our management team has extensive experience in government services, 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
e- [email protected]
[email protected]_Hackworth

About the UST

For over 22 years, UST has worked alongside the world’s best companies to drive real impact through transformation. Powered by technology, inspired by people and driven by our purpose, we partner with our customers from concept to operation. Using our agile approach, we identify their key challenges and craft disruptive solutions that bring their vision to life. With deep domain expertise and a scalable philosophy, we embed innovation and agility into our clients’ organizations, delivering measurable value and lasting change across industries and across the globe. Together, with over 30,000 employees in over 30 countries, we are building for unlimited impact, touching billions of lives in the process. Visit us at www.UST.com

Media contacts, UST:
Tinou 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:

Team Lewis
[email protected]

Media contacts, UK:
FTI Council
[email protected]

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

SOURCE UST