Uber Tests Tokenized Money Funds to Unlock 24/7 Trading Yield
The ride-sharing giant used a tokenized money market fund to earn 1.5 days more yield on its investment by selling the assets on Sunday rather than Friday, as institutions traditionally do. Franklin Templeton, HSBC Holdings, and Fireblocks collaborated in this test. Uber Tests Weekend Trading In Tokenized Market Fund Investments Companies are turning to blockchain […]
Key Takeaways
- The ride-sharing giant used a tokenized money market fund to earn 1.5 days more yield on its investment by selling the assets on Sunday rather than Friday, as institutions traditionally do.
- Franklin Templeton, HSBC Holdings, and Fireblocks collaborated in this test.
- Uber Tests Weekend Trading In Tokenized Market Fund Investments Companies are turning to blockchain […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Institutions embrace crypto staking despite shrinking yields
Easier access and growing familiarity are encouraging investors to stake their tokens, while falling rewards and withdrawal delays test the economics.
Aave reopens frozen markets but blocks new collateral loans
LlamaRisk reports the main emergency batches executed, while available liquidity and collateral rules still determine practical access. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in…
Lagarde to leave ECB with Europe’s tokenized-finance blueprint still undecided
Appia’s consultation findings expose a trade-off between pooling settlement liquidity and preserving competition among networks, with the architecture still open. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch…