Uber earns 1.5 extra days of yield in Canton blockchain pilot

cryptonews10-31 04:00

Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend. Summary Uber ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber earns 1.5 extra days of yield in Canton blockchain pilot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-31 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/uber-hsbc-franklin-templeton-canton-weekend-yield/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend.\n\n\nSummary\n\n\n\nUber ...</p>\n\n<a href=\"https://crypto.news/uber-hsbc-franklin-templeton-canton-weekend-yield/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HECO","symbol_name":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","start_time":0,"source_url":"https://crypto.news/uber-hsbc-franklin-templeton-canton-weekend-yield/","article_id":"2679824770","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/uber-hsbc-franklin-templeton-canton-weekend-yield/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679824770","pubTimestamp":1793390400,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend.Uber bought a tokenized money market fund on Thursday and sold the investment on Sunday.HSBC supplied tokenized bank deposits, while Canton supported liquidity and settlement for the pilot.U.S. corporate customers are among those HSBC plans to bring into the investment service.Fireblocks CEO Michael Shaulov expects hundreds of companies to adopt similar models within 18 months.According to Bloomberg, Uber used HSBC’s tokenized deposits to buy a Franklin Templeton tokenized money market fund. Tradeweb and Fireblocks participated in the transaction alongside the bank and asset manager.Having bought the fund on a Thursday, Uber sold its investment on Sunday. Bloomberg reported that the transaction earned an additional 1.5 days of yield compared with the conventional treasury process, in which companies liquidat","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"HECO":"SPDR Galaxy Hedged Digital Asset Ecosystem ETF","BK4585":"ETF&股票定投概念","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","UBRL":"2倍做多UBER ETF-GraniteShares","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","TLT":"20+年以上美国国债ETF-iShares","HSBA.UK":"汇丰控股有限公司","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","HSBH":"HSBC Holdings plc ADRhedged","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","BK4230":"旅客陆运","LU0496365809.HKD":"TEMPLETON GLOBAL INCOME \"A\" (HKD) INC (Q)","HSHD.SI":"HSBC HK SDR 5to1","UBER":"优步","IYT":"运输指数ETF-iShares","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","UBEW":"Roundhill UBER WeeklyPay ETF","LU0211326755.USD":"TEMPLETON GLOBAL INCOME \"A\" (USD) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","TMF":"3倍做多20年期以上国债ETF-Direxion","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","HSBC":"汇丰","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","03143":"华夏香港银行股","TPOR":"Direxion Daily Transportation Bull 3X ETF","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","00005":"汇丰控股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","BK4551":"寇图资本持仓","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","BKCH":"AdvisorShares Sabretooth ETF","WNDR":"Corgi Travel & Leisure ETF","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","FDRV":"Fidelity Electric Vehicles and Future Transportation ETF","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK1601":"香港本地股","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD"},"translate_title":"Uber 在广州区块链试点中额外获得 1.5 天的收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UBEW":0.6,"HSHD.SI":0.6,"US30Y.BOND":1.5,"HSBA.UK":0.6,"US12M.BOND":1.5,"US7Y.BOND":1.5,"US3Y.BOND":1.5,"BKCH":1.5,"03143":0.6,"HECO":1.5,"US2Y.BOND":1.5,"TPOR":0.6,"WNDR":0.6,"FDRV":0.6,"00005":0.9,"US6M.BOND":1.5,"UBRL":0.6,"HSBC":0.9,"TMF":0.6,"UBER":0.9,"TLTW":0.6,"US10Y.BOND":1.5,"US5Y.BOND":1.5,"HSBH":0.6,"TLT":0.6,"IYT":0.6},"content_text":"Uber has tested a blockchain-based investment with HSBC and Franklin Templeton that earned an extra 1.5 days of yield by keeping corporate cash invested through part of the weekend.\n\n\nSummary\n\n\n\nUber bought a tokenized money market fund on Thursday and sold the investment on Sunday.\nHSBC supplied tokenized bank deposits, while Canton supported liquidity and settlement for the pilot.\nU.S. corporate customers are among those HSBC plans to bring into the investment service.\nFireblocks CEO Michael Shaulov expects hundreds of companies to adopt similar models within 18 months.\n\n\n\nAccording to Bloomberg, Uber used HSBC’s tokenized deposits to buy a Franklin Templeton tokenized money market fund. Tradeweb and Fireblocks participated in the transaction alongside the bank and asset manager.\nThe report describes a corporate treasury pilot involving an actual purchase and subsequent sale. The amount Uber invested and the dollar value of its additional earnings were not disclosed.\nUber’s weekend investment captured extra yield\nHaving bought the fund on a Thursday, Uber sold its investment on Sunday. Bloomberg reported that the transaction earned an additional 1.5 days of yield compared with the conventional treasury process, in which companies liquidate investments before markets close on Friday.\nThe extra return came from the time Uber’s cash remained invested. The reported figure refers to additional days of earnings, not a 1.5% return or a higher annual interest rate.\nHSBC’s tokenized bank deposits provided the money used for the purchase, while Franklin Templeton supplied the investment product. Canton facilitated liquidity and settlement, according to Bloomberg.\nTokenized deposits represent claims against the commercial bank issuing them. As explained in earlier coverage of HSBC’s deposit infrastructure, they differ from stablecoins, which generally rely on separate reserve portfolios maintained by their issuers.\nHSBC plans access for U.S. corporate customers\nHSBC’s Manish Kohli said the pilot demonstrated technical readiness, according to the report. The bank plans to extend access to U.S. corporate customers and offer investment choices beyond Franklin Templeton’s products.\nShaulov’s forecast goes further. The Fireblocks chief executive expects hundreds of corporations to adopt blockchain-based investment models within 18 months. His projection concerns future adoption, while Uber’s transaction remains a pilot.\nHSBC already operates tokenized deposit infrastructure in several markets. An Aug. 20 report on its interbank work with Swift described its Tokenised Deposit Service as live in Hong Kong, Singapore, Luxembourg, the United Kingdom, the United States and the United Arab Emirates.\nThe service was introduced for eligible U.S. corporate and institutional customers in April 2026. HSBC said those clients could make domestic and cross-border transfers at any time, subject to availability and regulatory requirements.\nIts supported currencies included the U.S. dollar, euro, British pound, Hong Kong dollar, Singapore dollar, offshore Chinese yuan and UAE dirham, according to the August coverage.\nFranklin Templeton brought Benji to Canton before Uber’s test\nFranklin Templeton’s relationship with Canton predates the Uber transaction. As previously covered by crypto.news, the asset manager integrated its Benji platform with the network in November 2025 to support institutional access to tokenized investment products.\nAt the time, Franklin Templeton’s head of digital assets, Roger Bayston, said the company wanted to meet institutions where they operated and where they were headed. The integration was presented as a way to combine interoperability with the privacy requirements of institutional clients.\nBenji’s connection to Canton supported access to regulated financial instruments and the network’s collateral infrastructure. The earlier announcement addressed investment products and institutional connectivity.\nHSBC’s deposit work has included a separate interbank transaction. On Aug. 19, HSBC and Standard Chartered connected their independently operated tokenized deposit systems through Swift’s blockchain ledger.\nSwift coordinated the payment messages and matched and netted obligations before the banks recorded the results on their own systems. Final conventional-money settlement took place through existing payment systems, according to the August coverage.\nSeventeen banks across six continents joined Swift’s initial rollout, including BNY, Citi, DBS, HSBC, Standard Chartered, UBS and Wells Fargo.\nUber’s interest in blockchain payments stretches back further. In June 2025, CEO Dara Khosrowshahi said the company was studying stablecoins for payments and potential savings on cross-border transactions.\nSpeaking at the Bloomberg Tech Summit in San Francisco, Khosrowshahi described stablecoins as promising for companies moving money globally. Uber’s position at that point was exploratory, with its chief executive saying the company remained in the study phase.\n\n\n\n\n\n                Read more:\n            \n\n                Polymarket launches 15-minute gold and silver markets with Chainlink","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.1","shortVersion":"4.52.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2679824770","isCrawlerRequest":true}