Quant Network Receives Investment From Alpha Sigma Capital

Quant Network, a platform self-described as “solving the challenge of interoperability across private and public DLTs,” has just received an investment form Alpha Sigma Capital, according to a press release.

This investment will help Quant expand its big product, Overledger OS, a self-described “operating system that connects enterprise networks with different blockchains and enables companies to launch and scale enterprise-grade multi-DLT applications” or MApps, the release notes.

Speaking on the matter is Enzo Villani, the Managing Partner at Alpha Sigma Capital:

“We just recognized that Quant is doing what Ripple promised. Quant and SIA Europe successfully tested cross-blockchain interoperability between multiple Distributed Ledger Technology (DLT) protocols on SIA’s inter-bank network, SIAnet. SIA is the backbone for financial institutions, central banks, corporates, and the public sector to process their transactions. It was clear that Quant’s operating system provides the layer for blockchain interoperability in the financial services sector.”

Quant wants to ensure its clients can utilize DLT technologies on Overledger, which could lead to the mass adoption of blockchain technology and the “transformation of institutions to transact interoperable digital assets across DLT networks.”

Also speaking on the matter is Gilbert Verdian, the CEO of Quant, who says:

“We are pleased to work with the team at Alpha Sigma Capital, who have a rich history in capital markets and financial services. Their experience and network will allow Quant to take its technology to new markets and institutions to transform the US financial system to be DLT agnostic, interoperable, and benefit from digital assets that complement the existing system.”