DBS survey: 88% of large firms use or pilot tokenized money for payments

A DBS-commissioned EY survey of 422 large-company finance leaders found 88% are using or piloting tokenized money. Stablecoins lead adoption at 63%, followed by tokenized deposits at 53% and tokenized money market funds at 52%. Respondents expect benefits including better traceability within two years (72%) and real-time cross-border payments (71%). Regulatory uncertainty, security risks and integration difficulties remain obstacles, with 64% of respondents wanting banks to provide a single access point to the tokenized money ecosystem.