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Uber Joins HSBC, Franklin Templeton in Blockchain Investing Test

· bloomberg.com · popularity 45/100 · 0 similar stories today · Public Transit & Rail (Cars, Aviation & Transport)

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Summary

The ride-hailing company Uber Technologies Inc. used a public blockchain to invest its corporate funds in a way that allowed the company to capture higher returns by trading on a weekend — a setup expected to be adapted by a growing number of companies in the coming months.

Found in: Bloomberg, Bloomberg Markets. Rating basis: single outlet; outlet tier 5; 2 feeds; listed 2 times; feed position 13.