Came across a treasury news story last night
Uber completed a pilot on Canton
Using HSBC tokenized deposits
it bought Franklin Templeton’s tokenized money market fund on Thursday
and could redeem it over the weekend
earning roughly 1.5 extra days of yield
With the traditional process, you’d have to liquidate everything by Friday
and let your cash sit idle over the weekend
On-chain settlement can keep things moving 24/7
Tradeweb and Fireblocks were involved too
with atomic settlement
A pretty practical step for institutional treasury
Making a note of it
Not taking sides
Uber completed a pilot on Canton
Using HSBC tokenized deposits
it bought Franklin Templeton’s tokenized money market fund on Thursday
and could redeem it over the weekend
earning roughly 1.5 extra days of yield
With the traditional process, you’d have to liquidate everything by Friday
and let your cash sit idle over the weekend
On-chain settlement can keep things moving 24/7
Tradeweb and Fireblocks were involved too
with atomic settlement
A pretty practical step for institutional treasury
Making a note of it
Not taking sides
