Quant launches grown-up approach to blockchain as “unregulated crypto experiment has failed”
“Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease. We think this is a game-changer for anyone that wants to build a business in the blockchain economy.”
Blockchain-powered financial technology firm Quant has launched, available to all via software-as-a-service, the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ retail CBDC project.
The solution, Overledger Platform, makes the same enterprise-grade technology, the same interoperability core, the same secure smart contracts, and the same issuance, secure bridging, and atomic settlement functionality that have underpinned Quant’s projects with institutional and central bank customers to date, accessible to large enterprises, SMEs and developers for the first time.
“Overledger is the grown-up approach to implementing blockchain”
Gilbert Verdian, founder and CEO of Quant, said: “From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain. Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease. We think this is a game-changer for anyone that wants to build a business in the blockchain economy.”
Martin Hargreaves, Chief Product Officer at Quant, commented: “Until now, businesses have struggled to capitalise on the benefits provided by blockchain because it’s a complex technology requiring specialist skills. Overledger Platform changes all that. It’s simple to use, continually updated, and integrates seamlessly with your existing systems. That’s how it unlocks the power of blockchain for everyone.”
Overledger Platform is a low code SaaS that allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems.
With Overledger, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts, the firm explained in the statement.
The unregulated crypto experiment has failed, says Quant
The unregulated crypto experiment has failed, Quant stated, while noting that blockchain-based infrastructure and systems, regulated tokenized money, and digital assets are still central to innovation.
In tandem, it is expected that the value of tokenized assets will reach $4 trillion by 2030 but businesses are scrambling to hire the right expertise or a plethora of developers to capitalize on the opportunity presented by this new technology, the firm continued. Quant’s platform solves this problem by allowing any business to access blockchain and unlock its benefits.
Quant continues to work on projects with financial institutions worldwide and updates its platform regularly, ensuring that all Overledger customers benefit from new innovations as they are developed.