Came across Bloomberg / Canton: Uber ran a corporate treasury pilot—using HSBC tokenized deposits to buy Franklin Templeton’s tokenized money market fund on Thursday, then sell it on Sunday, earning about 1.5 extra days of yield compared with the traditional “sell everything on Friday” approach.
Key details: Tradeweb and Fireblocks were also involved; liquidity and settlement ran on the Canton public blockchain. HSBC’s global head of payments, Manish Kohli, said the feasibility has been demonstrated, and the capability is now available to other U.S. clients. They also plan to expand the range of investment options beyond Franklin Templeton. Fireblocks’ CEO expects hundreds of companies to follow suit within 18 months, earning a little more interest on their idle cash.
Big-company treasuries are filling the “markets are closed” weekend gap with tokenized deposits and money market funds—that’s pretty practical.
#代币化 #企业金库 #Canton $UBER
Key details: Tradeweb and Fireblocks were also involved; liquidity and settlement ran on the Canton public blockchain. HSBC’s global head of payments, Manish Kohli, said the feasibility has been demonstrated, and the capability is now available to other U.S. clients. They also plan to expand the range of investment options beyond Franklin Templeton. Fireblocks’ CEO expects hundreds of companies to follow suit within 18 months, earning a little more interest on their idle cash.
Big-company treasuries are filling the “markets are closed” weekend gap with tokenized deposits and money market funds—that’s pretty practical.
#代币化 #企业金库 #Canton $UBER
