DBS Survey Finds 88% of Businesses Testing or Using Tokenized Money

TL;DR: A DBS survey published October 28 found that 88% of businesses in its sample were deploying or piloting tokenized-money use cases. Crypto traders sometimes treat institutional survey results as proof that public token demand must surge. A DBS survey published October 28 found that 88% of businesses in its sample were deploying or piloting tokenized-money use cases. The Singapore bank presented the results as evidence of growing interest in round-the-clock money movement, better liquidity management and expansion across trading corridors. Respondents also reported reworking treasury and finance processes against a backdrop of shifting supply chains. The headline percentage combines testing with deployment; it does not mean that 88% of large companies have replaced their traditional bank accounts with stablecoins. The event and the market response The survey connects tokenized money to a set of practical corporate needs. A multinational business may need to move funds among subsidiaries, pay suppliers in different currencies or reconcile balances after local payment systems have closed. Tokenized deposits and stablecoins can be evaluated for particular parts of those tasks, bu...