Quamfy Lounge Independent research on the QNT token Last reviewed 26 Oct 2026

What QNT does

QNT has a technical job in Overledger, Quant's middleware, and on Fusion, its network. It also has a commercial one through licences.

1At a glance

How QNT is used in Overledger and on Fusion
Overledger
Developers and enterprises
licence and transaction fees in QNT
Overledger
runs inside the nodes
Fusion
Users and institutions
a fee in QNT on every transaction
Fusion nodesOperators stake QNT
process and anchor
Connected ledgers

2Overledger

“Every single developer and customer has to purchase a license and pay for transactions in QNT.” Gilbert Verdian 1

Retail developers pay £100 a year in QNT. 2 Enterprises pay in fiat; the Treasury converts the fee into QNT and locks it. 3 How the Treasury works

More detail

Enterprise fees depend on users, employees, applications and transaction volume, and are confidential. 3 4

A platform fee, a percentage of the licence fee, is paid in QNT obtained "at a given day's rate". 3

Enterprises never hold QNT themselves. They pay Quant as they would any software supplier. Why fiat still means QNT demand

The 2020 design already said no transaction could flow "without being securely validated by QNT". 3 5

3Fusion

Fusion is Quant's multi-ledger rollup: one network that runs across many blockchains at once, so assets and transactions move between them from one place. It launched on mainnet with 74 networks connected. 6 7

It is built for regulated institutions such as banks, asset managers and enterprises, which want the reach of public chains while knowing who validates their transactions. Developers and DeFi protocols can use it too. 6

That is why Fusion has permissioning and identified nodes. Under the EU's DORA rules, in force since January 2025, banks must know and manage every third party that processes their transactions, including where it operates. Fusion's Trusted Node Program lets institutions choose exactly who processes their transactions and where. 6

Typical uses: 8

  • settling tokenised assets across several chains
  • issuing a token once and using it on many networks
  • confidential smart contracts that still reach public liquidity

“All institutions, enterprises, and DeFi participants use QNT to transact within Fusion.” Gilbert Verdian 9

A node doesn't process a transaction unless it is paid in QNT. Whoever uses Fusion pays, one way or another.

Who runs the nodes, and how enterprises pay

Fusion's public side is run by community nodes. They compete for transactions, which keeps fees close to the cost of running a node.

Most enterprises will also need public blockchains, so they will pay these fees too: directly or inside their licence deal, depending on the negotiation. Either way the nodes are paid in QNT. 9

Staking and nodes

"The network is secured by QNT, which serves as both the native token and the staking mechanism for trusted nodes. Node operators stake QNT to participate in transaction processing and earn rewards based on network activity." 6

Staking detail

Fusion anchors its blocks to several ledgers at once. 10

Operators can also stake QNT for transaction priority. 9

The required stake size is not published. Quant's Luke Riley has said in the developer Telegram channel that the aim is to make it as inclusive as possible.

Growth loop

How we expect Fusion to grow:

The growth loop
  1. New chains connect to Fusion
  2. More users
  3. More transactions, each paying a fee in QNT
  4. Higher QNT income for node operators
  5. More operators and stake: a more reliable network

A more reliable network draws the next chain

4Why QNT, not dollars

A token of its own gives Fusion three things dollars can't:

  • a fee unit no connected chain controls
  • automatic payment to many independent operators
  • node operators who are paid and staked in the same token, so they gain when Fusion grows
Why not ETH or a stablecoin?

Paying gas in ETH would make Ethereum the home chain, with its governance setting the fee asset's policy. A stablecoin makes its issuer a dependency and exists in separate versions on each chain. QNT has a fixed supply and is nobody's liability.

5Who can use Fusion

Mainnet has been open to selected institutions since June 2026. 7

A retail opening with staking, DEXs and multi-chain apps is planned. Announced

6How Quant connects ledgers

Any system that moves value between ledgers needs someone to vouch for what happened on a ledger the other side can't see. The question is who vouches, and what holds them accountable.

Oracle networks put a separate network in the middle of every connection. Quant follows the internet's design instead: each ledger has its own gateway, and gateways talk directly using SATP, an open standard at the IETF that Quant helped write with MIT, Intel and IBM.

Three ways to connect networks
Bridge every pair100 networks need 4,950 bridges
Oracle hub100 links, all through one network in the middle
SATP gateways100 gateways, one per network. Nothing in the middle
  • Network
  • Oracle network
  • Gateway
Oracle networkSATP gateways
Who vouchesA separate network watches the chain and votesThe ledger's own gateway signs
Private ledgersCan connect them, with zero-knowledge proofs for privacy, but ties them tightly to the oracle network and to counterparties, so one side's software updates can force the other'sEach ledger stays autonomous, with its own security, availability and upgrade schedule. Its gateway only signs statements such as “this asset is locked”
Value limitCapped by the network's economic securityNone; the protocol doesn't care what it carries
If one part failsEvery connection shares its fateGateways pair directly, and a network can run several
AccountabilityEconomic penalties inside the networkA known operator, legally liable for every message it signs
ReachOnly the chains the provider supportsAny network, today's or future: anyone can build a gateway on top of it, whatever its internal design
How a transfer works

Moving an asset means both ledgers change together, or neither does. SATP guarantees this with a two-phase commit: the sending gateway locks the asset, both sides commit, then one side mints and the other burns.

How a SATP transfer works
Gateway ALocks the asset on ledger A
signed message
Both commitOr both cancel
signed message
Gateway BMints on ledger B; A burns

Every message is signed, linked to the one before and sent encrypted, so a dispute has a record.

Gateways also prove which software they run.

Why the internet's design
A shared middle or the open internet
A shared middleWhoever governs it, a company or an open-source community, sets who joins and when everyone upgrades
Open internetEach network owns its border and gateway. If one goes down, the rest keep running
  • Network
  • Shared middle
  • Gateway
  • Offline

The internet is thousands of independent networks, each run by its own operator and joined at its edges by open protocols: TCP/IP carries the data and BGP routes it between networks. Their first design goal was survivability. Nobody sits in the middle, so the loss of one network doesn't stop the rest. SATP mirrors these principles for ledgers.

Closed networks such as CompuServe, AOL and IBM's SNA grew only as fast as their owners allowed. The open internet needed nobody's permission and outgrew them all.

Money works the same way. A central bank won't route national money through an outside network it doesn't govern. Each institution needs to own its border, and its own gateway gives it that.

Where Fusion fits

Fusion is not another hub in the middle. Banks sending tokenised deposits can go gateway to gateway without it. Fusion is for one asset or app used across many chains at once.

For an asset used across many chains, Fusion improves on an oracle network in four ways:

  • Origin-chain security. Fusion mirrors what is on the origin chain instead of trusting a vote about it. Its nodes are relied on to keep running, incentivised by competition and staking.
  • All or nothing across chains. One transaction can span several chains and either completes on all of them or on none.
  • Instant multichain pricing. There is no relay delay between an event on one chain and its use on another, so no window to attack cross-chain data such as price feeds.
  • Unified, instant liquidity. A token that lives on several chains becomes one asset with pooled liquidity, available at once across those chains, instead of separate order books on each chain kept in line by oracle-fed arbitrage. Quant's example: USDC on seven chains becomes one uUSDC. 7
Oracle-based interoperability compared with Fusion
Oracle-based
Event on chain A
observed
Oracle network votes
relayed after a delay
Chain B actsEach leg settles on its own
Fusion
Origin chainsStay the record of truth
state mirrored
One Fusion transactionSpans several chains
all or nothing
Every chain settles, or none does
Who has the final say

The home chain has the final say. Fusion posts its state to each chain, and a withdrawal is final only after a dispute window. A token can always be withdrawn to its home chain without any bridge operator's consent. With an oracle network, the network's own sign-off makes a transfer final.

Notes (10)
  1. Gilbert Verdian, Quant Community Channel on Telegram, 26 Jul 2022 (pinned). Screenshot, 230 KB · Source entry
  2. Introduction of Overledger licence fee. quant.network, Dec 2021. Source entry
  3. Overledger Network for Community, v1.0. Quant Network, 30 Jun 2020 (community channel PDF). PDF, 741 KB · Source entry
  4. Gilbert Verdian, community AMA, 25 Mar 2019 (community transcript, PDF). PDF, 334 KB · Source entry
  5. Gilbert Verdian, community AMA, 10 Jun 2019 (community transcript, PDF). PDF, 254 KB · Source entry
  6. Why institutions need layer 2.5 (and why we built it). quant.network, 3 Jul 2025. Source entry
  7. A new category of infrastructure: the Fusion Rollup is live on mainnet. quant.network, Jun 2026. Source entry
  8. Quant Fusion. quant.network product page. Source entry
  9. Gilbert Verdian, post on X announcing Overledger Fusion, 26 May 2025. Screenshot, 267 KB · Source entry
  10. World first: Quant Fusion multi-ledger rollup launches on Quant's 10th anniversary. quant.network, 13 Oct 2025. Source entry