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Uber pilot with HSBC and Franklin Templeton earns 1.5 extra days of yield

AI summary

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.

Narrative history
2 linked stories · 3 outlets · since 30 Oct
  1. 1H AGO
  2. 1H AGO
    Bitcoin.com News · Score 45 · via Uber, 1.5
  3. 19H AGO
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    Uber pilot with HSBC and Franklin Templeton earns 1.5 extra days of yield
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