Research

How Uber kept its cash invested until Sunday.

A two-page explainer on the on-chain treasury pilot announced on October 30, 2026. Page 1 is below. Download the PDF for page 2: the three instruments, the seven steps, and the metric to watch.

Page 1 of the paper. A diagram of how Uber's dollars at HSBC became tokenized deposits, swapped for Franklin Templeton fund shares on the Canton Network through Tradeweb, and came back as dollars on Sunday. A timeline shows about 1.5 more days of yield than selling before Friday's close.

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