# DBS Survey: 88% of Large Companies Are Using or Testing Tokenized Money

> Stablecoins, digital bank deposits and tokenized funds are finding a place in corporate finance as businesses look for faster payments and better access to cash.

By Sasha Steenkamp · October 30, 2026

Canonical: https://blockster.com/dbs-survey-88-percent-companies-tokenized-money

A company can sell products around the clock and still find itself waiting for money to arrive.

For finance teams paying suppliers, funding overseas operations or moving cash between subsidiaries, those delays can affect everyday business. A new DBS survey suggests tokenized money is increasingly part of their response.

**88% of respondents said their organizations were using or piloting tokenized money.** [Released October 28](https://www.dbs.com/newsroom/Over_eight_in_10_businesses_starting_to_adopt_tokenised_money_to_aid_liquidity_management_improve_payments_and_support_business_expansion_DBS_survey), the research surveyed 422 business and finance leaders across 11 markets, all representing organizations with annual revenue above $500 million. It is a snapshot of large companies, rather than a measure of adoption across every business.

## How Much Is Already Live?

The headline includes several stages of adoption:

| Stage | Share of respondents |
| --- | --- |
| Fully deployed at scale | 24% |
| Limited live use in selected markets | 43% |
| Pilots or proofs of concept | 21% |
| Exploring or not using | 12% |

Together, the first two groups mean **67% reported some live use**. Another 21% were still testing. That distinction matters when assessing how far tokenization has progressed beyond announcements.

The figures do not tell us how much money these companies move through the technology. A business using it for one payment route counts as an adopter even if most of its transactions still use conventional banking systems.

[Post from @Reuters on X](https://twitter.com/Reuters/status/2115287493377458528)

## What Companies Are Using—or Planning to Use

DBS’s [full report, ](https://www.dbs.com.sg/corporate/insights/treasuryprism/MoneyInNewOrder/Global_Report.pdf)_[The Great Rewiring: Money in a New Order](https://www.dbs.com.sg/corporate/insights/treasuryprism/MoneyInNewOrder/Global_Report.pdf)_, groups several different instruments under the tokenized-money discussion.

| Instrument | Using or planning to adopt |
| --- | --- |
| Stablecoins | 63% |
| Tokenized bank deposits | 53% |
| Tokenized money market funds | 52% |

**These figures include planned adoption**, and companies can select more than one instrument. They are not competing slices of a single market.

The practical distinction is what each token represents: a stablecoin aims to track a reference value, a deposit token represents money held at a bank, and a fund token represents an investment. Their usefulness depends on where they can move, who accepts them and how holders can redeem them.

## A Weekend Payment Shows the Appeal

There is already a concrete example involving DBS itself.

On September 5, DBS and Citi’s New York office completed a dollar payment between Singapore and the United States over a weekend, using tokenized deposits through the Swift Digital Ledger. [DBS said the transaction took minutes](https://www.dbs.com/NewsPrinter.page?locale=en&newsId=mt38s6jc).

For a company, the attraction is straightforward: cash received in one market could become available where it is needed without waiting for the next banking window.

That connects with [Blockster’s coverage of JPMorgan and BNY](https://blockster.com/jpmorgan-bny-tokenized-cash-treasury-financing), where tokenized deposits and Treasury financing demonstrate different ways institutions are putting digital cash and securities to work.

## Banks Still Have a Central Role

Companies also need these systems to fit their existing operations. In the DBS survey, **64% wanted banks to provide a single connection to the tokenized-money ecosystem**, while 63% wanted assistance with pilots and integration.

Regulatory uncertainty, security concerns and the difficulty of connecting new technology to existing systems remained obstacles.

Lim Soon Chong, DBS’s Group Head of Global Transaction Services, described the broader ambition:

> “The next chapter of cross-border finance will go beyond improving speed and cost, to moving value intelligently and securely.”
>
> — Lim Soon Chong, Group Head of Global Transaction Services, DBS

AI is part of that effort. The report identifies cash forecasting, payment investigations and matching transactions to accounting records as practical areas of opportunity.

Imagine a finance team that can spot a cash shortfall earlier, move funds through an approved payment network and automatically match the transfer to the right invoice. Each improvement solves a different part of the same job.

One reader responding to Reuters’ report on X made a related point: matching payments to invoices can matter as much as transfer speed. The response below is reader commentary.

[Post from @perrier\_9595 on X](https://twitter.com/perrier_9595/status/2115288370721300679)

For investors following this market, the useful signals will be repeat transactions, paying customers and measurable savings. DBS’s survey shows substantial interest and reported use among large companies. The next test is how much of their everyday financial activity follows.