PANews
PANews|Oct 30, 2026 15:22
[Uber Participates in Blockchain Investment Pilot with HSBC, Franklin Templeton, and Other Institutions] According to Bloomberg, Uber has participated in a blockchain investment pilot program with institutions such as HSBC and Franklin Templeton. Using HSBC's tokenized deposits, Uber purchased a tokenized money market fund issued by Franklin Templeton on Thursday and sold it on Sunday, thus earning an additional 1.5 days of returns. This model uses a public blockchain for investment and settlement, eliminating the need for companies to sell assets before banks and markets close on Fridays, as is traditionally done. The pilot also involves Tradeweb and Fireblocks, with liquidity and settlement provided by Canton Network.
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