Uber earns 1.5 extra days of yield in Canton blockchain pilot
Photo: crypto.news
Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend. Uber bought a tokenized money market fund on Thursday and sold the investment on Sunday. HSBC supplied tokenized bank deposits, while Canton supported liquidity and settlement for the pilot. U.S. corporate customers are among those HSBC plans to bring into the investment service. Fireblocks CEO Michael Shaulov expects hundreds of companies to adopt similar models within 18 months.
Source: crypto.news
