Uber tests how tokenization can put idle cash to work with HSBC, Franklin Templeton
Summary
Ride-hailing giant Uber has launched a pilot program in collaboration with HSBC and Franklin Templeton to explore blockchain tokenization. The trial demonstrates how companies can keep their idle funds invested in money market products while retaining continuous access to liquidity for payments, including over the weekend.
The pilot let Uber keep funds invested in money market products while accessing cash for payments, even on weekends.
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