---
title: "Tokenized cash adoption hits 88% among large firms, DBS survey shows"
slug: "tokenized-cash-adoption-hits-88-among-large-firms-dbs-survey-shows"
date: "2026-10-28"
category: "FinTech"
author: "Tariq Al-Mansoor"
correspondent: "Tariq Al-Mansoor"
correspondentRole: "Gulf & Capital Correspondent"
readingTimeMinutes: 2
tags: ["Fintech"]
originalSourceUrl: "https://www.coindesk.com/business/2026/10/28/nearly-90-of-large-businesses-are-embracing-tokenized-cash-to-speed-up-payments-dbs"
canonicalUrl: "https://aurav.ae/tokenized-cash-adoption-hits-88-among-large-firms-dbs-survey-shows"
publisher: "Aura-V Intelligence (aurav.ae)"
---

# Tokenized cash adoption hits 88% among large firms, DBS survey shows

> A DBS-commissioned study finds nearly nine-in-ten large companies are using or piloting tokenized cash solutions.

## Key Takeaways (TL;DR)

- 88% of surveyed large enterprises report live use or pilots of tokenized money.
- Stablecoins are the most common instrument at 63%, ahead of tokenized deposits and money-market funds.
- Banks are expected to act as single-point access providers for the tokenized ecosystem.

## Scale of adoption across the corporate tier
A DBS-commissioned EY survey of 422 finance leaders from 11 markets, each with revenue above $500 million, reports that 88% are using tokenized money in live environments or pilot projects [CoinDesk](https://www.coindesk.com/business/2026/10/28/nearly-90-of-large-businesses-are-embracing-tokenized-cash-to-speed-up-payments-dbs). The study breaks usage into three categories: 24% have deployed the technology at scale, 43% operate limited live use in selected markets, and 21% run pilots or proofs of concept.

## Instruments leading the rollout
Stablecoins top the list of tokenized instruments, with 63% of respondents indicating current use or plans to adopt them. Tokenized deposits and tokenized money-market funds follow closely at 53% and 52% respectively. Treasury liquidity management improvements are reported by 65% of firms, while 71% anticipate or have realized real-time cross-border payments within two years.

## Banking as the conduit for tokenized ecosystems
Regulatory uncertainty, security concerns and integration complexity are cited as persistent obstacles. Nearly two-thirds of participants want banks to serve as a single access point, and 63% seek assistance with pilots and integration. DBS’s own token platform, launched in 2024, connects a permissioned blockchain to its payment infrastructure, enabling round-the-clock settlement. Citi disclosed that its token service moves close to $1 billion daily for corporate clients, and a recent weekend dollar transfer between Singapore and New York settled in minutes via tokenized deposits on the Swift Digital Ledger.

Our read: Corporate treasury functions are moving decisively toward tokenized cash to shave latency and improve traceability, with stablecoins as the preferred vehicle. The reliance on banks for a unified access layer reflects both the strategic value of trusted intermediaries and the current gap in in-house integration capabilities.

## Aura-V Editorial Verdict

The data confirms rapid corporate uptake of tokenized cash, driven by efficiency gains in treasury and cross-border flows. Regulatory and integration hurdles remain, underscoring the need for banking intermediaries to streamline adoption.

---

*Original Think-Tank Source: [Nearly 90% of large businesses are embracing tokenized cash to speed up payments: DBS](https://www.coindesk.com/business/2026/10/28/nearly-90-of-large-businesses-are-embracing-tokenized-cash-to-speed-up-payments-dbs)*