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Uber Tests Tokenization of Idle Cash With HSBC and Franklin Templeton
(4 hours ago) · 1 source · Summarized by CryptoBipto
Uber has been testing how tokenization technology can be used to put its idle cash reserves to work, partnering with HSBC and Franklin Templeton on the initiative. The pilot explores how blockchain-based tokenization could help the ride-hailing company manage its treasury more efficiently.
WHY IT MATTERS
When a large company like Uber collects payments from riders, it often has billions of dollars sitting in bank accounts waiting to be used.
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SOURCES
- coindesk.com
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TokenizationCorporate TreasuryInstitutional AdoptionReal-World Assets
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