Uber Shares Close at $65.74 Amid Unconfirmed Report of Tokenized Liquidity Trial
Key Facts
Uber shares closed at $65.74 on October 29, 2026, according to EL7 data, as the news feed circulated a Benzinga report about an alleged company trial with HSBC and Franklin Templeton to invest liquidity through blockchain. But details of Uber’s involvement and the result attributed to the trial were not confirmed by a primary source or prominent open-source coverage. It is therefore not possible to establish that it was successful or to rely on the additional return figure cited in the initial account. Open sources describe other transactions between HSBC and Franklin Templeton involving tokenized deposits and funds, but they do not establish a link to Uber. This distinction places the report about Uber in the broader context of interest in deploying institutional liquidity through blockchain-based instruments, without making that context evidence that the alleged trial took place.
In a separate transaction, Fintech News Singapore said HSBC used tokenized deposits to invest in a tokenized money market fund for the first time, in collaboration with Ant International and Franklin Templeton. The transaction linked HSBC’s tokenized deposit service to Ant International’s blockchain-based WhaleRTP platform. It also involved a tokenized money market fund from Franklin Templeton. These details describe a route connecting a digitally represented bank deposit with a settlement platform and a fund investing in the money market. But they concern the transaction reported by the outlet, which does not name Uber as a party or provide evidence that the company used this route.
An HSBC official said the solution helps clients manage liquidity more effectively by investing surplus funds when they are available and accessing them when needed. This wording describes the service’s general purpose as reported by the outlet, without attributing a specific objective to Uber’s treasury management. Swift also provided separate context on banks’ work on tokenized payments, saying its ledger enables institutions to move money for clients overnight and on weekends before final settlement through existing systems. It added that the infrastructure supports cross-border payments around the clock. These capabilities remain descriptions of Swift’s infrastructure and tokenized liquidity services, not a verified outcome of a trial involving Uber.
Swift listed HSBC among the banks that will test initial live transactions on its ledger, in a context separate from the account concerning Uber. This points to the bank’s participation in a tokenized payments pilot, but does not link that trial to Uber or to the fund transaction described by Fintech News Singapore. Against the backdrop of the tokenized fund market, Franklin Templeton said the BENJI fund launched on the Stellar network in 2021. The BENJI group’s assets totaled about $1.98 billion on April 29, 2026, according to a company statement. These figures provide background on Franklin Templeton’s product, but do not establish that BENJI was the fund used in any Uber trial.
Franklin Templeton said the fund allows shares to be transferred between individuals and distributes dividends on-chain daily throughout 365 days a year, including weekends and public holidays. The company said returns accrue by the second when tokens are transferred. It also described BENJI as the first registered U.S. money market fund to use a public blockchain as its official record for processing transactions and recording share ownership. These features explain how the product works as presented by the company, including digital recordkeeping and continuous dividend distribution. But they do not confirm its use in managing Uber’s liquidity or establish any financial impact for the company.
In the stock market, Uber shares ended the October 29 session at $65.74, according to EL7 data. The available information does not include a comparison with the previous session’s close or a measure of the share price’s direction after the report circulated, so the documented market reaction here is limited to the closing price. The next step regarding the alleged trial would be a clarification from Uber, HSBC or Franklin Templeton; until then, the details of the companies’ involvement and the outcome remain unverified. The available sources do not give a specific date for any such clarification.