Uber pilot with HSBC and Franklin Templeton earns 1.5 extra days of yield
Uber tested a blockchain-based cash management setup with HSBC and Franklin Templeton, using HSBC's tokenized deposits to keep corporate cash invested through part of the weekend. The pilot earned an extra 1.5 days of yield compared with conventional treasury practices. It is a small but concrete proof point for tokenized deposits in corporate finance, though the sums involved are not disclosed and no crypto asset prices are directly affected.
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1H AGOCoinDesk · Score 35 · via Uber, HSBC Franklin
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1H AGOBitcoin.com News · Score 45 · via Uber, 1.5
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19H AGOYou’re reading thisUber pilot with HSBC and Franklin Templeton earns 1.5 extra days of yieldcrypto.news · Score 35