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Evidence record

HSBC, Franklin Templeton, Tradeweb and Fireblocks complete Uber pilot: HSBC tokenized deposits buy tokenized money market fund shares on Canton, with weekend redemption

Read the item · published 2026-10-30

Evidence

Confidence
Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
Quote verified
2026-10-31 16:50 UTC
Archived snapshot
SHA-256 b7e7bab3c14874f51900a2da3ff8beb6d644d901116d97c2dc9467f46bbce49e · fetched 2026-10-31 · Wayback Machine copy ↗
Saved excerpt around the quote (source text, 2026-10-31)
… announced the successful demonstration of a 24/7 liquidity and settlement solution on the Canton Network ("Canton") to help corporate treasurers manage working capital, seeking to maximize yield and access investments outside market hours to send payments. Using HSBC Tokenized Deposits, Uber purchased Franklin Templeton tokenized money market funds ("MMF") on Tradeweb, through delivery-versus-payment transactions on the Canton Network via Fireblocks. The solution also provided Uber the ability to liquidate a portion of tokenized fund holdings, including over a weekend, while continuing to earn yield throughout the investment lifecycle. This solution addresses a structural dilemma for corporate t …
Change log (1)
  1. 2026-10-31 Newsroom 2026-10-31 evening: HSBC Bank USA, Franklin Templeton, Tradeweb and Fireblocks complete Uber pilot - HSBC Tokenized Deposits buy Franklin Templeton tok (e895eb2)

Verified quotes

  • “Using HSBC Tokenized Deposits, Uber purchased Franklin Templeton tokenized money market funds (“MMF”) on Tradeweb, through delivery-versus-payment transactions on the Canton Network via Fireblocks.”
  • “The solution also provided Uber the ability to liquidate a portion of tokenized fund holdings, including over a weekend, while continuing to earn yield throughout the investment lifecycle.”
  • “Closed-Loop Fiat Settlement: Tokenized Deposits reflect commercial bank money held in HSBC Demand Deposit Accounts.”
  • “HSBC Tokenized Deposits represent deposit liabilities of HSBC Bank USA, N.A. and are FDIC-insured up to applicable limits.”

String-matched against https://www.tradeweb.com/newsroom/media-center/in-the-news/uber-completes-pilot-of-a-first-ever-on-chain-liquidity-and-settlement-solution-on-a-public-network-pioneered-by-hsbc-franklin-templeton-tradeweb-and-fireblocks-on-canton/ by scripts/verify.mjs before every deploy.

AI-drafted from the primary source; quote string-matched by scripts/verify.mjs · AI-assisted