DBS Survey Shows Nearly 90 Percent of Businesses Are Turning to Tokenised Money

Global business adoption of tokenised money is growing fast as companies try to improve cash management and reach new markets. A new survey by Singapore bank DBS shows that 88 percent of businesses have launched or are testing tokenised money use cases.

Survey Details

The lender surveyed 422 global finance leaders from companies with yearly revenue above 500 million dollars across 11 markets, including the US, UK, Australia, China, and Germany, between June and July. About two-thirds of those surveyed stated their businesses had fully rolled out tokenised money at scale or started using it in certain locations. Stablecoins are the most popular tokenised tool at 63 percent, followed by tokenised deposits at 53 percent and tokenised money market funds at 52 percent. Lim Soon Chong, the group head of global transaction services at DBS, noted that stablecoins provide better flexibility across payment helpers and are easier to use from a permission standpoint.

Market Expansion

The survey also revealed that Southeast Asia is the top choice for companies wanting to enter new markets, followed by Australia and New Zealand, with India taking third place. Over half of the respondents in Australia and the UK plan to consider using the Chinese renminbi for trade settlement in the next one to two years. DBS explained that the renminbi's recent rise in value makes settlement more attractive for Chinese exporters, who now offer better business terms for deals priced in that currency. Lim added that Chinese authorities are pushing the global use of the renminbi, so this trend is expected to grow.

Context

Tokenised money uses digital ledger technology to represent traditional currency, making cross-border payments faster and cheaper for large corporations. As global trade shifts toward digital assets, major financial institutions are racing to understand and support these new payment methods.