# Uber Uses HSBC Tokenized Deposits to Add 1.5 Days of Yield By Simon Yoon Canonical URL: https://www.tokenpost.com/news/technology/44920 Published: 2026-10-30T16:59:50.000Z Updated: 2026-10-30T16:59:50.000Z Section: Technology > The pilot paired a tokenized Franklin Templeton money market fund with HSBC deposits, while Canton Network provided liquidity and settlement. 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. ## Links in this article - [AI-agent payment trial with Ant Digital Technologies](https://www.tokenpost.com/news/technology/29174)