DBS survey finds 88% of large businesses are using or piloting tokenised money

Stablecoins lead adoption among big corporates, with tokenised deposits and money market funds close behind Tokenised money has quietly moved from conference panel topic to corporate treasury tool. A new DBS survey found that 88% of businesses have either deployed or are piloting tokenised money use cases. The respondents are not scrappy startups chasing a trend. They are large organisations, each pulling in more than $500 million in annual revenue, which makes the finding harder to dismiss as hype. What the survey found DBS polled 422 global business and finance leaders between June and July. The sample spanned 11 markets, including the US, UK, Australia, China and Germany. Roughly two-thirds of respondents said their companies had gone beyond the testing stage. They reported either full deployment of tokenised money at scale or live use in selected locations. The remaining adopters are still in pilot mode. So the 88% headline figure blends committed users with companies still kicking the tires. Stablecoins topped the list of instruments, used by 63% of respondents. Tokenised deposits followed at 53%, with tokenised money market funds just behind at 52%. Those numbers add up to we...