Quant is a UK technology company that builds software connecting banks, payment systems and blockchains. QNT is the token linked to that software. This guide explains both in plain English, separates what the sources confirm from what is only claimed, and tells you what holding QNT does and does not give you. It is research, not advice: nothing here is a recommendation to buy, sell or hold.
Quant the company versus QNT the token
Two different things share the name. Quant Network Ltd is a privately held company registered in England and Wales, incorporated on 28 September 2015 [2]. It builds infrastructure that it says helps banks, corporates and partners use programmable money. QNT is an ERC-20 token on Ethereum, issued at the 2018 token sale by a Swiss entity, Quant Network AG in Zug [2][4].
The distinction matters because owning QNT is not owning a piece of the company. According to the Blockworks token filing, QNT is not a share in Quant Network Ltd, gives no right to dividends or interest, and gives no governance rights [2]. Kraken's explainer repeats this: QNT carries no governance rights and no claim on revenue, and no DAO or protocol treasury exists [1].
In short: the company sells software and services; the token is a utility token used to pay for, and in some cases to run, parts of that technology. Whether the company's commercial success translates into anything for token holders is not something the filing promises, and we do not speculate on it.
What does Quant build?
Quant's best-known product is Overledger, which Quant describes as a universal API connector that provides secure interoperability between traditional financial systems and blockchain networks [3]. Instead of a developer writing separate code for each blockchain, they call Overledger's APIs. Our guide to Overledger covers it in more depth.
Its newer product is the Fusion Rollup, which Quant announced as live on mainnet on 2 June 2026. Quant describes it as a multi-ledger rollup connecting 74 blockchain networks in one execution environment [5]; Kraken's explainer gives the same date and network count [1]. These are Quant's own claims, and independent verification of the technical details is limited, so treat superlatives such as 'first of its kind' as marketing until you have seen third-party review. See our Fusion guide.
Quant also positions itself around tokenised deposits and programmable money for banks. Our partner and adoption tracker lists announcements we could confirm from an official source, such as The Clearing House's On-Chain Money Initiative [8], the UK Finance GBTD pilot [7] and the Bank of England's Synchronisation Lab [6].
What is QNT used for?
Per the Blockworks filing, QNT is a utility token that customers use for Quant products and services, including staking [2]. Historically, developers wanting Overledger MainNet access paid an annual licence fee of £100 in QNT; Kraken notes this fee was introduced on 10 December 2021 [1][2].
Kraken also reports that Quant's FAQ says platform fees can be paid in US dollars or through a QNT subscription [1]. So QNT is one way to pay, not the only way. That is one reason we caution against assuming that every Quant customer must buy QNT on the open market.
With Fusion, the filing says QNT is the native token for gas and execution fees, and that trusted-node operators stake QNT to participate and earn rewards [1][2]. Those are described functions; how much real demand they create is an open question that no source we have checked quantifies.
How much QNT exists?
This is the most confusing part, because you will see three different numbers. The figure in the Blockworks filing, citing Etherscan data, is a total supply of 14,612,493 QNT with about 14,544,176 circulating [1]. Kraken adds that Quant burned 9,545,766 unsold tokens on 14 September 2018 and that no QNT has been created since the token sale [1].
However, the token contract's own totalSupply() function returns 45,467,000, which is the figure Etherscan's contract page shows as a maximum [1][4]. Our supply dashboard reads this directly from the chain and shows both numbers side by side, with the quantity of QNT sitting in the token contract's own address. CoinGecko's public data lists a total and maximum supply of 14,612,493 [live data on the dashboard].
Why the two numbers differ: the 45,467,000 is a constant hardcoded in the token contract, not a count of tokens in existence. About 9.55 million QNT sit locked at the token contract's own address, and the reported total supply is 14,612,493. Our guide "Why does QNT show 45 million on Etherscan?" (linked under Related below) walks through the contract code.
Who runs it, and is it decentralised?
Quant Network Ltd controls the protocol as a corporate operator, according to Blockworks. Access to Overledger runs through Quant's platform terms, API keys and paid plans, and developers using mainnet networks need a paid plan and a KYC check [2]. For Fusion, Quant says it will operate as the sequencer that collects rollup transactions and builds rollup blocks [2]. The company has published no plan to transfer control to token holders or a DAO [2].
That is a legitimate business model, but it is not what most people mean by a decentralised network. If decentralisation matters to you, factor this in.
Real-world adoption: what the evidence shows
Quant is unusual among crypto projects in that most of its announced partners are regulated institutions. We list only those we can confirm from an official or primary source. At the time of checking, that includes a live-pilot arrangement with UK Finance's GBTD project, a place in the Bank of England's Synchronisation Lab, and announced partnerships with The Clearing House, Murex and Dentsu Soken.
Two cautions. First, a partnership or pilot is not the same as production revenue. The Bank of England states its Lab is not a regulatory sandbox and does not support real-money payments [6]. Second, even strong adoption by banks does not by itself create rights for QNT holders, because of the no-claim-on-revenue point above [2]. We make no prediction about price.
Risks and open questions
None of this is a reason to buy or avoid QNT. It is a checklist of what to understand before forming your own view.
- Token rights: no governance, no revenue claim, not a share [2].
- Concentration: Quant's company controls the platform and sequencer [2]; a large share of tokens sits in a relatively small number of addresses (see the dashboard).
- Conflicting supply figures across sources [1][4].
- Marketing claims versus verified facts: always look for the primary source.
- General crypto risks: volatility, exchange failure, scams, regulatory change. In the UK, cryptoassets are high-risk and you should not invest more than you can afford to lose.
How we keep this page honest
Every factual claim above carries a numbered source. Where a source is a secondary one, such as Kraken, we say so. If you spot an error, email us and we will correct it with a dated note.
Frequently asked questions
What is QNT used for?
Per the Blockworks token filing, QNT is a utility token customers use for Quant products and services, including staking. Overledger licence fees have been payable in QNT, and for the Fusion Rollup QNT is the native gas and execution token, with node operators staking it.
Does QNT give you ownership or voting rights in Quant?
No. According to the Blockworks filing, QNT is not a share in Quant Network Ltd, carries no governance rights, and gives no claim on revenue. No DAO or treasury exists.
How many QNT are there?
Sources cite 14,612,493 total supply (about 14.54 million circulating per the Blockworks filing). The token contract's totalSupply() function returns 45,467,000. Our supply dashboard shows both, read from the chain.
Is Quant a decentralised network?
Not in the usual sense. Blockworks describes Quant Network Ltd as controlling the protocol as a corporate operator, with API-key access, paid plans and KYC for mainnet use.
Is QNT a good investment?
We do not give investment advice or price predictions. This site only explains what is documented from sources.
Sources
- Kraken Learn: What is Quant (QNT)?
- Blockworks Token Transparency filing for Quant
- Quant: Overledger Platform
- Etherscan: QNT token contract page
- Quant: The Fusion Rollup is live on mainnet (2 Jun 2026)
- Bank of England: Synchronisation Lab
- Quant: selected to deliver UK tokenised sterling deposits infrastructure (26 Sep 2025)
- The Clearing House: partners with Quant on On-Chain Money (24 Sep 2026)