Uber Joins Financial Giants HSBC and Franklin Templeton in Blockchain Investment Push

Uber debuts in the crypto ecosystem. The mobility giant completed a corporate treasury management pilot using blockchain technology alongside financial institutions HSBC , Franklin Templeton , Tradeweb , and custody firm Fireblocks . Through this initiative, developed on the Canton Network , Uber used tokenized bank deposits issued by HSBC to purchase shares in a tokenized money market fund from Franklin Templeton on a Thursday and settle the position the following Sunday. The transaction enabled the company to generate returns on idle cash outside traditional banking hours, earning approximately 1.5 additional days of yield .