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

Quant and UST | November 23, 2022 | Read time : 05:00 min

Quant and UST Partner to Accelerate the Adoption of Institutional
Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants.

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

Quant will provide the foundational technology, and UST will provide support through user interface design and integration via its Sandbox based 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 onto major distributed ledger networks. By working with the two firms, financial institutions can shorten the lifecycle of their blockchain projects to just a few weeks.

Quant utilises low-code APIs to issue highly secure and externally validated digital assets and tokenised currencies. Its Overledger gateway enables business flows used by banks for accounts, payments and settlement, and can plug into exchanges and venues for asset management.

The global tokenisation market was valued at $2 billion in 2021; compounding growth of 24 percent is expected over the next eight years, according to Grand View Research. Additionally, CBDC pilots are now taking place worldwide, which will unlock new capabilities for governments, businesses, and consumers. Today, more than 50 countries are in an advanced phase of exploration for CBDCs, and 19 of the G20 countries are considering a digital currency.

Gilbert Verdian, Founder and CEO of Quant, said UST has been at the forefront of blockchain services for almost 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-embedded products and services to tokenise existing asset classes.

"We have partnered with Quant because of the flexibility and agility inherent in its technology. Built with financial institutions in mind, Quant's Overledger API gateway is the perfect foundation to bring the benefits of blockchain to a multitude of businesses in this sector."

- Daniel Field, Global Head of Blockchain, UST

About Quant
Quant is the future of finance. Today. We unlock the power of blockchain for everyone, by delivering interoperable ecosystems and real-world solutions that simply work so our customers create new business opportunities and build competitive advantage in record time. We work with financial institutions, governments, multinational companies, and the partners and fintech developers who support them, to deliver enterprise-grade technology built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a presence in the European Union and the Americas. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and organisations worldwide and solved 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're a founding member of the Digital Pound Foundation.

About UST
For more than 22 years, UST has worked side by side with the world's best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients' organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process.


Onboarding new software can be a daunting task. As with any project, however, a successful rollout takes some planning and a methodical approach. Most of the usual project management best-practices, such as creating a timeline, working in phases, and staying focused, are true here. But, with just a few additional considerations,


Onboarding new software can be a daunting task. As with any project, however, a successful rollout takes some planning and a methodical approach. Most of the usual project management best-practices, such as creating a timeline, working in phases, and staying focused, are true here. But, with just a few additional considerations,

Related News


Ideal Credit Union Introduces New Way of Connecting Members with Banking Products!

Alkami Technology and Ideal Credit Union | December 26, 2022

A US-based financial services company, Alkami Technology, announced that its client, Ideal Credit Union, has come up with a new way of connecting members to essential banking products! In a statement, the company stated that the member-owned financial cooperative - Ideal Credit Union has launched Segmint data and marketing solutions on Alkami's digital banking platform. “At 2030, I would say that you probably have two billion people that’ll be using day-to-day banking services, independent of banks” – Brett King Ideal Credit Union informed that Segmint would identify every tiny detail involved in a transaction process that can prove helpful in serving their customers better. Taking this as an opportunity to expand their business strategy, both companies mark this as a positive development that will take their business to the next level. Segmint, in association with the Alkami platform, will scrutinize members’ data about the products they have elsewhere and provide custom offers accordingly. Ideal Credit Union recently used Segmint's data and marketing solution to find members interested in buying CDs. Through Ideal's mobile banking, the Alkami platform sent them an offer for a CD. This project helped them open CDs worth more than a million dollars. With Segmint's Key Lifestyle Indicators, Alkami can also look at its membership base to find people who have mortgages, loans, credit cards, or savings accounts with other companies and offer them competitive products through its platform. Ideal Credit Union believes that the collaborative work of Segmint and Alkami will be a decisive move for financial institutions. Together, they can improve their digital sales and customer service by using insights from transaction data. It would help them build stronger relationships with account holders and bring in more money. About Alkami Technology Alkami Technology is the leading provider of cloud-based digital banking solutions for U.S. financial institutions. It helps clients grow with confidence, adapt quickly, and build thriving digital communities. It also helps clients transform by offering retail banking, business banking, digital account opening, loan origination, and solutions for preventing fraud in multiple payments. About Ideal Credit Union Ideal Credit Union is a member-owned, not-for-profit financial cooperative that offers its customers financial services and products. The company has branches in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater, and Woodbury. It also offers car loans, mortgages, and business accounts to its members.

Read More


Bench Accounting and Wealth Factory Collaborate to Support Entrepreneurs

Bench Accounting | February 24, 2023

On February 23, 2023, Bench (, the industry's top bookkeeping and tax-advising fintech platform, informed that it partnered with Wealth Factory, a premier supplier of complete personal financial education and implementation programs for entrepreneurs and small business owners. Nevertheless, more than 25,000 business owners can access this partnership's real-time financial insights. JP Durrios, CEO of Bench, stated, "Wealth Factory customers now have an automated, full service bookkeeping solution that will help them stay on top of their finances, and make data-driven decisions to help their business thrive." (Source – Cision PR Web) When it comes to money, Wealth Factory has everything that entrepreneurs need to grow their businesses without cutting back. In order to help business owners leave a lasting financial legacy, it provides a variety of courses and programs that focus on tax reduction tactics, wealth development, asset preservation, and cash flow optimization. Any participating small business owner can subscribe to Bench's bookkeeping service with a single click from their dashboard. With Bench's instantaneous enrollment, business owners gain access to real-time financial data, as well as full-service bookkeeping, consulting, tax-filing support, and tax-season peace of mind. Members of Wealth Factory can now quickly sign up for Bench by clicking on the entry for the service on their online membership site and learning more about it. Dan Weckend, VP of Partnerships at Bench, expressed, "Together, Bench and Wealth Factory are empowering entrepreneurs and small business owners to keep more of the money they make through significant time savings, financial literacy, tax optimization, and overall business success." (Source – Cision PR Web) About Bench Bench is the largest US small business bookkeeper. The company organizes the financial records of small businesses, independent contractors, and entrepreneurs. Its straightforward software and live bookkeeping team help business owners focus on what they love, i.e., operating their business. In 2012, Forbes 30 Under 30 winner Ian Crosby co-founded Bench in New York. Its Vancouver headquarters employs over 650 people, serves thousands of business owners, and has funded $60.3 million.

Read More


Docupace Chosen for Workflow Automation by Orion Portfolio Solutions

Docupace and Orion Portfolio Solutions | February 20, 2023

One of the leading cloud-based fintech digital operations software companies, Docupace, recently announced its selection by Orion Portfolio Solutions, a transformative technology provider to help advisors grow and thrive as investors. The company selected Docupace to automate workflows for its wealth management platform. The wealth management industry has realized the importance of automating and streamlining processes. In the research conducted by Accenture, it was found that 93% of executives surveyed believed that by 2025, their operations would have increased by 50% thanks to optimized front-to-back process automation across internal and external partners. The Docupace platform provides a standardization and data synchronization engine, intelligent routing, notifications and alerts, configurable digital operations, and pre-built, simplified workflows to streamline and easy to automate compliance and business process. It is an open architecture with a turnkey asset management program (TAMP) that manages $60 billion of wealth management platform assets, as mentioned by America's Best TAMPs in 2023. For eight consecutive years, Orion Portfolio Solutions was recognized as one of America's Best TAMPs. David Knoch, Chief Executive Officer at Docupace, said, "Financial advisors and wealth management providers have worked so hard to deliver exceptional client experiences, that any hiccup in back-office execution impacts both their brand and their reputation." He also said, "It is an exciting opportunity for us to partner with another industry leader to delight financial advisors and their clients." (Source: Cision PR Newswire) About Docupace Docupace is one of the top digital operations technology providers that streamlines firms' process for wealth management and digitizing data, increasing efficiency, productivity, and profits. The company's team offers a suite of digital solutions with a secure, cloud based Docupace Platform that helps RIAs, brokers, management, advisor transactions, Regulation BI, cybersecurity and other critical workflows. Based in Los Angeles, California, it serves enterprises from the financial service industry, including some of the leading companies with the combination of proven technology and hands-on service. About Orion Portfolio Solutions Orion is a leading provider of a technology-enabled wealth management process that transforms the advisor-client relationship by allowing financial advisors to Prospect, Invest, Plan, and Achieve in a single, connected, technology-driven experience. The company entities, Orion Portfolio Solutions, Orion Advisor Tech, Brinker Capital Investments, Redtail Technology, and TownSquare Capital, create a comprehensive offering that empowers firms to attract new clients without friction, connect goals to investment strategies and outcomes in a more meaningful way, and ultimately track progress towards each investor's unique definition of financial success.

Read More