DBS Survey: 88% of Large Enterprises Have Adopted or Are Piloting Tokenized Currency, With Stablecoins Accounting for the Largest Share

On October 28 that, according to CoinDesk, DBS has commissioned Ernst & Young (EY) to survey 422 corporate CFOs across 11 markets (with all companies generating annual revenues exceeding $500 million). The results show that 88% of respondents are already using or piloting tokenized currencies, with 24% having scaled deployment, 43% deployed in limited capacities across certain markets, and 21% in the pilot or proof-of-concept phase.

Among tools currently in use or planned for adoption, stablecoins account for 63%, tokenized deposits 53%, and tokenized money market funds 52%. Seventy-one percent of respondents stated that real-time cross-border payments have already improved, or expect them to improve within two years. Regulatory uncertainty, security risks, and challenges in system integration remain primary obstacles, with approximately 64% of respondents hoping that banks will become a unified gateway to the tokenized currency ecosystem.