Uber Uses HSBC Tokenized Deposits to Add 1.5 Days of Yield

Simon Yoon

1 min read

Uber Uses HSBC Tokenized Deposits to Add 1.5 Days of Yield

The pilot paired a tokenized Franklin Templeton money market fund with HSBC deposits, while Canton Network provided liquidity and settlement.

By Simon Yoon

Published Oct 30, 2026, 12:59 PM EDT

An unmarked rideshare sedan waits beside a glass office entrance at dusk / TokenPost.ai

Uber used HSBC tokenized deposits to buy a Franklin Templeton tokenized money market fund Thursday and sell it Sunday, gaining about 1.5 days of yield over a typical Friday sale.

HSBC conducted the pilot with Franklin Templeton, Tradeweb and Fireblocks. Canton Network provided liquidity and settlement for the transactions.

Manish Kohli, HSBC’s global head of payments, said the pilot demonstrated the technology’s feasibility. Kohli said the capability is available to other U.S. customers, and HSBC plans to add investment options beyond Franklin Templeton.

HSBC previously tested tokenized deposits in an AI-agent payment trial with Ant Digital Technologies.

Fireblocks CEO Michael Shaulov expects hundreds of companies to adopt the approach within 18 months to earn additional interest on idle cash.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.