announced that it partnered with UST, a digital transformation solutions company. The aim of the partnership is to provide technical integration and tokenization services to central and commercial banks and capital markets participants.According to the press release, Quant Network would provide the foundational technology required, while UST would offer interested financial institutions support by designing user interfaces and integration vide its sandbox.
“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,” the press release stated.“UST has been at the forefront of blockchain services for almost a decade, and their customer focus is aligned with our approach.
According to data from Santiment, QNT’s supply on exchanges has fallen by 20% since 7 November. This led to a fall in the asset’s exchange reserves from 2.18 million to 1.77 million in 16 days.As expected, while its supply on exchanges fell, QNT’s supply outside of exchanges rallied. Since FTX’s fallout, this number went up by 3%.Further, QNT’s supply distribution showed that holders of 1 to 10,000 QNT tokens remained relentless in token accumulation in the face of numbing market bearishness.
However, the count of QNT whales that held between 10,000 to 1,000,000 QNT tokens witnessed a steady decline since FTX collapsed. At press time, the number of these whales stood at 172. On 7 November, this cohort of investors stood at 175.As of this writing, negative sentiment trailed QNT, despite the price rally in the last 24 hours.Subscribe to get it daily in your inbox.