What is Multi-Ledger Token (MLT) (Quant)?

Multi-Ledger Tokens (MLTs) are specialized tokens employed by the Quant Overledger interoperability blockchain platform. MLTs are used to create stablecoins that are compatible with different blockchains, as well as supporting the deployment of central bank digital currencies (CBDCs). MLTs are commonly used employed by banks, FinTech enterprises, and various micropayment and marketplace platforms. MLTs are also utilized for cross-border payment services and for trading and investing between consortium blockchain systems. MLTs allow for the transfer of ownership between different enterprises, meaning that transactions are recorded and stored throughout their entire lifecycle, thus creating a cryptographically verifiable source of truth.