Corporate cash has a weekend problem, with companies leaving billions uninvested because banking hours and settlement delays make immediate liquidity expensive.

Tokenized money market funds and real-time settlement could let CFOs keep cash invested longer without compromising payment readiness.

As the line between invested and spendable funds blurs, banks and asset managers could come to compete on who can deliver reliable, always-on liquidity.

The consumerization of corporate finance got a shot in the arm over the past weekend, and it’s an injection that could impact how corporate finance teams handle the very concept of a “weekend” itself.

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On Friday (Oct. 30), Uber, HSBC, Franklin Templeton, Tradeweb and Fireblocks announced the results of a pilot that demonstrated how a corporate treasury could purchase tokenized money market fund shares, keep funds invested through part of a weekend and redeem holdings outside conventional market hours. Uber was able to capture approximately 1.5 additional days of investment yield compared with a conventional liquidation schedule.

“Always-on access to cash and the ability to put liquidity to work more efficiently are increasingly important to our business,” said Odette Rodrigues, vice president, Corporate Finance, Treasury and Capital Markets, Uber, in a statement. “This solution gives us greater flexibility to optimize yield on available cash while meeting payment obligations seamlessly, reducing the need to maintain liquidity buffers.”

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