Uber has completed a corporate treasury pilot using blockchain-based infrastructure from HSBC, Franklin Templeton, Tradeweb, Fireblocks and the Canton Network, demonstrating how companies can earn additional yield on idle cash over weekends when traditional markets are closed.
According to Bloomberg, Uber bought a tokenized Franklin Templeton money market fund on a Thursday and sold the position on Sunday. The transaction earned roughly 1.5 extra days of yield compared with conventional treasury workflows, which typically require companies to liquidate investments before markets close on Friday. The extra return came from the additional time Uber's cash stayed invested, not from a 1.5% return or higher annual interest rate. The amount invested and the dollar value of the additional earnings were not disclosed.
HSBC supplied tokenized bank deposits used for the purchase, while Franklin Templeton provided the investment product. Canton Network facilitated liquidity and settlement. Tradeweb and Fireblocks also participated in the transaction. HSBC's head of payments, Manish Kohli, said the pilot demonstrated technical readiness, and the bank plans to extend access to U.S. corporate customers and offer investment choices beyond Franklin Templeton's products.
HSBC's tokenized deposit infrastructure is already live in several markets, including Hong Kong, Singapore, Luxembourg, the United Kingdom, the United States and the United Arab Emirates, and was introduced for eligible U.S. corporate and institutional customers in April 2026. Franklin Templeton integrated its Benji platform with Canton in November 2025 to support institutional access to tokenized investment products.
Fireblocks CEO Michael Shaulov expects hundreds of corporations to adopt similar blockchain-based investment models within 18 months. The pilot also follows earlier Uber interest in stablecoin payments: in June 2025, CEO Dara Khosrowshahi said the company was studying stablecoins for global payments and potential cross-border savings.
