COINDESK · 2026-10-31 14:41 UTC

Uber tests how tokenization can put idle cash to work with HSBC, Franklin Templeton

Uber completed a pilot with HSBC, Franklin Templeton, Tradeweb, and Fireblocks testing tokenized assets on the Canton Network to manage corporate cash. The test demonstrated how companies could invest idle cash in tokenized money market funds and access it for payments outside traditional market hours, including weekends. Tokenization allows corporate treasurers to keep more cash invested in yield-bearing assets while maintaining flexibility to meet payment obligations without holding large idle reserves.

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