DBS survey: 88% of firms deploy or pilot tokenised money

what happened

A survey by Singapore's DBS, reported by Reuters, found that 88% of businesses have either deployed tokenised money or are running pilots. The poll covered 422 finance leaders at companies with annual revenue above $500 million, spread across 11 markets such as the US, the UK, Australia, China and Germany.

Stablecoins were the instrument used most often, cited by 63% of respondents, ahead of tokenised deposits at 53% and tokenised money funds at 52%. Lim Soon Chong, DBS's group head of global transaction services, said stablecoins move more easily between payment providers, not only between banks, and need less cumbersome permissions.

The survey also showed Southeast Asia as the leading destination for firms expanding abroad. Over half of respondents in Australia and the UK said they were weighing renminbi settlement for trade within one to two years, which DBS linked to the currency's recent gains and better terms offered by Chinese exporters.

why it matters

The findings point to gradual institutional uptake of tokenised money in corporate liquidity and payments, which may matter for stablecoin and tokenised fund markets. Renminbi settlement interest also ties the survey to the currency's internationalisation, a theme DBS expects to grow.

tags

instruments