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Uber tests tokenized cash with HSBC and Franklin Templeton for weekend liquidity

AI summary

Uber ran a pilot with HSBC and Franklin Templeton testing tokenized money market products that let it keep idle cash invested while still accessing funds for payments, including on weekends. The test shows how tokenization can make corporate treasury cash more productive without sacrificing liquidity. It is a real-world institutional use case for tokenized assets, though it involves no crypto tokens and is unlikely to move prices directly.

Narrative history
2 linked stories · 3 outlets · since 30 Oct
  1. 1H AGO
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    Uber tests tokenized cash with HSBC and Franklin Templeton for weekend liquidity
    CoinDesk · Score 35
  2. 1H AGO
    Bitcoin.com News · Score 45 · via Uber Tests, Uber
  3. 19H AGO
    crypto.news · Score 35 · via Uber, HSBC Franklin
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