Uber Enters Crypto with Blockchain Pilot Alongside HSBC and Franklin Templeton
The mobility giant joins major financial institutions in a blockchain-based corporate treasury management pilot.
The mobility giant joins major financial institutions in a blockchain-based corporate treasury management pilot. Canton (CC) is trading at ₹9.2 ($0.0968), down 1.2% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Sat, 31 Oct 2026 04:15:01 UTC.
This pilot signifies growing institutional adoption of blockchain for traditional financial operations, showcasing tokenization's potential to transform corporate treasury management.
- Uber completed a blockchain-based corporate treasury management pilot with HSBC and Franklin Templeton.
- The pilot utilized tokenized bank deposits and money market funds on the Canton Network.
- Canton Network's native token CC gained 6.39% in the past 24 hours following the announcement.
- Uber Tests Canton Blockchain for Enhanced Corporate Cash Yield
- Uber Enters Crypto with Blockchain Pilot Alongside HSBC and Franklin Templeton — this brief
Uber has entered the crypto space through a corporate treasury management pilot involving blockchain technology. The pilot was conducted in collaboration with financial institutions HSBC and Franklin Templeton, alongside Tradeweb and custody firm Fireblocks.
The initiative was developed on the 
Canton Network, utilizing tokenized bank deposits issued by HSBC. These tokenized deposits were used by Uber to purchase shares in a tokenized money market fund. This marks a significant step in the adoption of blockchain technology for traditional financial operations by major corporations.
The Canton Network, which facilitated the pilot, is a blockchain platform designed for institutional applications. Its native token, CC, has seen a 6.39% increase in price over the past 24 hours, potentially influenced by the announcement of this high-profile pilot.
This development comes at a time when the total crypto market cap stands at $2.67 trillion, with the overall market showing a flat trend. 
Bitcoin, the leading cryptocurrency, has experienced a modest 0.19% increase in the last 24 hours.
The pilot underscores the potential of blockchain technology to revolutionize corporate treasury management and financial transactions. As more institutions explore blockchain applications, this could pave the way for broader adoption and integration of digital assets into traditional financial systems.
Since this brief published about 2 hours ago, Canton (CC) has moved from ₹9.32$0.098 to ₹9.20$0.0968 — -1.21%.
The chart plots CC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 CC ≈ ₹10.01 (about $0.0968), up 2.8% over 24 hours. The rupee itself trades about 8.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 31, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Uber Enters Crypto with Blockchain Pilot Alongside HSBC and — questions & answers
What is the Canton Network?
The Canton Network is a blockchain platform designed for institutional applications, used in Uber's treasury management pilot.
How did Uber use blockchain in the pilot?
Uber used tokenized bank deposits from HSBC to purchase shares in a tokenized money market fund on the Canton Network.
Why is this development significant?
This pilot demonstrates the growing interest of major corporations in using blockchain for traditional financial operations, highlighting its potential to transform corporate treasury management.
How much is 1 Canton worth in rupee today?
About ₹10.01 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.0968. The rupee price moves with both CC's US-dollar price and the USDT/INR rate; use our Canton in rupee page for any amount.
Has Canton's price moved since this brief was published?
CC is down 1.21% since this brief first published — trading at ₹9.2 ($0.0968) now versus ₹9.32 ($0.098) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.