DBS survey shows 88% of large firms use or test tokenized cash
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
According to a DBS study conducted by EY, 88% of surveyed firms with over $500 million in revenue are piloting or actively deploying tokenized cash, with stablecoins leading adoption.
A survey commissioned by DBS and conducted by EY revealed that 88% of large companies are actively using or testing tokenized cash for cash management and cross-border settlements, CoinDesk reported. The study surveyed 422 business and finance leaders from firms generating more than $500 million in annual revenue across 11 markets, including the United States, China, Germany, and the United Kingdom.
According to the findings, 24% of respondents have deployed the technology at scale, 43% report limited live usage in selected markets, and 21% are carrying out pilots or proofs of concept. Stablecoins ranked as the most popular instrument among participants at 63%, followed by tokenized deposits at 53% and tokenized money market funds at 52%.
CoinDesk noted that 71% of respondents reported seeing improvements in real-time cross-border settlements or anticipated seeing them within two years, while 65% indicated the same timeline for liquidity management benefits. Nearly two-thirds of surveyed executives cited regulatory uncertainty, integration obstacles, and security risks as continuing challenges and stated they want banks to offer a unified access point to tokenized ecosystems.
Key facts
- 88% adoption or piloting rate
- 422 corporate leaders surveyed
- 63% use or plan stablecoin use
- Firms have >$500M in revenue