
Uber just showed what tokenized cash is actually for. Not trading. Weekends. In a pilot with HSBC, Franklin Templeton, Tradeweb and Fireblocks, it used tokenized bank deposits to buy a tokenized money market fund on a Thursday, then sold part of it on a Sunday. Normally that cash gets pulled before Friday's close. Per Bloomberg, this kept it earning about 1.5 extra days. Small for Uber. Not small here. A Saudi company paying in dollars works Sunday to Thursday. New York works Monday to Friday. That's four shared banking days a week, and treasuries hold idle buffers to cover the gap. This is the tokenization pitch I'd fund: a bank on one side, a regulated fund on the other, a CFO as the buyer. In the Gulf, the first real users won't be crypto funds. They'll be treasurers.

