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Oct 30, 2026

Uber uses blockchain to invest corporate cash over weekend, earning extra yield

Uber Technologies used a public blockchain with HSBC and Franklin Templeton to invest corporate funds in tokenized money market funds, allowing the company to trade on weekends and capture an additional 1.5 days of yield. The pilot program is expected to be adopted by more companies in coming months.

Oct 30, 2026·3 sources
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Top claims

  • ▪By selling a tokenized money market fund on Sunday rather than Friday, Uber Technologies Inc. earned an additional 1.5 days of yield on its corporate cash reserves.
  • ▪HSBC's Tokenised Deposit Service is live across Hong Kong, Singapore, Luxembourg, the United Kingdom, the United States, and the United Arab Emirates.
  • ▪HSBC plans to make its tokenized deposit service available to eligible U.S. corporate customers and expand available investment choices beyond Franklin Templeton products.

Topics

Institutional crypto adoptionTokenization

Related entities

United Arab EmiratesLuxembourgUnited KingdomSingaporeUnited StatesHong Kong