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Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield

Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
AI summary

Uber tested a tokenized money market fund to earn 1.5 days of extra yield by selling assets on Sunday instead of the traditional Friday, with Franklin Templeton, HSBC Holdings and Fireblocks collaborating. The experiment shows large companies using blockchain rails to access weekend liquidity and yield on corporate cash. Traders should watch for more institutional adoption of tokenized funds, which could deepen on-chain demand for real-world assets.

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2 linked stories · 3 outlets · since 30 Oct
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    Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
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