Who is it for: Central Banks, banks, fintechs, trading consortia, closed loop payments, marketplaces and micropayment platforms.

How does it work: Funds are held in escrow with a financial institution, and tokens to the same value are issued (“minted”) on a private DLT. These funds can then be used on any DLT, or mixture of DLTs, public or private, and Quant-patented Multi-Ledger Token (MLT) technology is applied. This ensures that wherever the tokens are used, changes of ownership are recorded on the original DLT, and a clear, auditable record is maintained. The nature of MLT means that the tokens are “open” and can be used on new and different DLTs as they emerge, or as use cases grow. This opens up the walled gardens of many eMoney solutions.

Examples: This Quant solution implements the IMF’s “semi-decentralised” model for Central Bank Digital Currency (CBDC). It also enables simple and flexible implementation of synthetic CBDC and can be used by banks as a more flexible type of stablecoin.

In addition to working well with loyalty and voucher platforms, as a form of open and enhanced eMoney, the solution also applies to digitised supply chains, where cross-border bank payments lack speed and transparency. By using MLTs to represent the various currencies, it is quick and easy to send and receive funds with real-time status visibility.