Nearly 90% of large businesses are embracing tokenized cash to speed up payments, according to a new DBS survey — a sign that digital forms of money are moving from experiment to everyday corporate finance. The study found 88% of finance leaders surveyed report live use or pilots of tokenized money.
Tokenized cash (Credits: CoinDesk)
The report, commissioned by Singapore bank DBS and conducted by EY, polled 422 business and finance leaders across 11 markets, including the United States, China, Germany and the United Kingdom. All of the organisations represented had annual revenue above $500 million.
Tokenized money, in simple terms, means representing cash-like assets as digital tokens on a blockchain-style ledger, so they can move more quickly and be tracked more precisely than through traditional payment rails. For large companies juggling suppliers, subsidiaries and cross-border flows, that speed and visibility is the attraction.
Tokenized Cash: How Many Large Businesses Are Using It?
The headline figure breaks down into different stages of adoption. According to the survey, 24% of respondents had deployed tokenized money at scale, while 43% had limited live use in selected markets. Another 21% were running pilots or proofs of concept, leaving 12% still exploring the technology or not using it at all.
Stablecoins led the instruments respondents were using or planning to adopt, at 63%, followed by tokenized deposits at 53% and tokenized money market funds at 52%. The figures suggest companies are not betting on a single format, but testing several ways of holding and moving digital cash.
Why Businesses Want Faster, More Traceable Payments
Faster payments were among the expected benefits cited in the study. Some 71% of respondents said they already experienced improvements in real-time cross-border payments or expected them within two years, while 65% reported the same for treasury liquidity management.
Traceability was another major draw: 72% said they see or expect better traceability within two years. And 64% said they want banks to act as a single access point for these tools, pointing to a preference for familiar, regulated intermediaries rather than a patchwork of new platforms.
For DBS, the message is that tokenized cash is no longer a niche topic for crypto specialists. With almost nine in ten large-company finance leaders already using or testing it, the question for many treasurers is shifting from whether to adopt tokenized money to how far and how fast to roll it out — and which instruments and partners to trust along the way.
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Source: CoinDesk — read the full story there.
