A closer look at “Uber Tests Tokenized Money Market Funds with HSBC and Franklin Templeton to Put Idle Cash ”, exactly as the source publishes it. Uber has completed a pilot program with banking giant HSBC and asset manager Franklin Templeton to explore how tokenization can help companies put idle cash to work more efficiently. The test allowed Uber to keep its funds invested in money market products while still accessing cash for payments, ev The test allowed Uber to keep its funds invested in money market products while still accessing cash for payments, even on weekends.
This is significant because traditional money market funds typically settle only during business hours, leaving corporate treasuries unable to deploy cash around the clock. By tokenizing fund shares on a blockchain, the pilot aimed to enable real-time settlement and continuous liquidity, potentially unlocking billions in trapped corporate cash. For the complete material, the listing points back to the source inside the network.