Uber just ran a weekend-on-chain treasury test — buy Thursday, redeem Sunday, keep cash earning yield.
On October 30, 2026, HSBC Bank USA, Franklin Templeton, Tradeweb, Fireblocks, and pilot client Uber announced a completed 24/7 liquidity demo on the Canton Network. Uber used HSBC Tokenized Deposits to buy Franklin Templeton tokenized money-market fund shares via Tradeweb, settling delivery-versus-payment through Fireblocks. The workflow let Uber liquidate part of the holdings over a weekend while balances kept earning yield until disbursement — targeting the corporate cash tradeoff between idle buffers and cut-off-constrained MMF cycles.
Bloomberg-cited coverage says the Thursday-to-Sunday path captured about 1.5 extra days of yield versus a conventional Friday exit (extra days invested, not a 1.5% return); dollar size was not disclosed. HSBC Tokenized Deposits are bank liabilities (FDIC-insured up to applicable limits); MMF shares are not. Franklin Templeton reported about $1.79 trillion AUM as of September 30, 2026. Treat this as a corporate-treasury tokenization proof point, not a yield forecast.
#RWA #Tokenization #Crypto
DYOR. Not financial advice.
On October 30, 2026, HSBC Bank USA, Franklin Templeton, Tradeweb, Fireblocks, and pilot client Uber announced a completed 24/7 liquidity demo on the Canton Network. Uber used HSBC Tokenized Deposits to buy Franklin Templeton tokenized money-market fund shares via Tradeweb, settling delivery-versus-payment through Fireblocks. The workflow let Uber liquidate part of the holdings over a weekend while balances kept earning yield until disbursement — targeting the corporate cash tradeoff between idle buffers and cut-off-constrained MMF cycles.
Bloomberg-cited coverage says the Thursday-to-Sunday path captured about 1.5 extra days of yield versus a conventional Friday exit (extra days invested, not a 1.5% return); dollar size was not disclosed. HSBC Tokenized Deposits are bank liabilities (FDIC-insured up to applicable limits); MMF shares are not. Franklin Templeton reported about $1.79 trillion AUM as of September 30, 2026. Treat this as a corporate-treasury tokenization proof point, not a yield forecast.
#RWA #Tokenization #Crypto
DYOR. Not financial advice.
