Uber tests tokenized funds for weekend yield
BROBROK News · Based on reporting by DiarioBitcoin ·
Uber joined a pilot that combined tokenized HSBC deposits with shares of a tokenized money market fund from Franklin Templeton. The trade was bought on a Tuesday and sold on Sunday, and Bitcoin News said the timing added 1.5 days of yield versus a Friday sale.
Key points
- The pilot used tokenized HSBC deposits and a Franklin Templeton money market fund.
- Uber bought the fund on Tuesday and sold it on Sunday.
- Settlement took place on Canton Network.
- Fireblocks and Tradeweb Markets were also part of the test.
- The case shows how tokenization may extend market activity beyond standard business days.
Why it matters
The pilot offers a concrete example of blockchain infrastructure being used to keep cash productive for longer periods. For crypto investors, it highlights how tokenized real-world assets can fit into traditional treasury workflows.
Original headline: “Uber prueba fondos tokenizados para obtener rendimiento también durante el fin de semana”
Read the original on DiarioBitcoin
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.