BLOOMBERG · 2026-10-30 15:07 UTC

Uber Joins HSBC, Franklin Templeton in Blockchain Investing Test

Uber used HSBC tokenized deposits on a public blockchain to invest in a Franklin Templeton tokenized money market fund, purchasing on Thursday and selling Sunday to capture an extra 1.5 days of yield. The pilot program with HSBC, Franklin Templeton, Tradeweb Markets, and Fireblocks demonstrates how corporations can earn higher returns on idle cash holdings outside traditional market hours. Nearly $40 billion in assets has been tokenized to date, with executives expecting hundreds of major corporations to adopt this model within 18 months.

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