Many-body localization in the quantum random energy model

The quantum random energy model is a canonical toy model for a quantum spin glass with a well known phase diagram. We show that the model exhibits a many-body localization-delocalization transition at finite energy density which significantly alters the interpretation of the statistical ``frozen'' phase at lower temperature in isolated quantum systems. The transition manifests in many-body level statistics as well as the long time dynamics of on-site observables.