Key facts
- 88% of businesses are using or piloting tokenized money, according to a DBS survey.
- Stablecoins are the most adopted tokenized instrument, used by 63% of businesses.
- Southeast Asia is the top destination for businesses expanding into new markets.
A survey by Singapore bank DBS revealed that 88% of businesses are either using or piloting tokenized money, indicating a faster-than-expected adoption rate. The survey, conducted between June and July among 422 global business and finance leaders from organizations with over $500 million in annual revenue, found that stablecoins were the most popular tokenized instrument, utilized by 63% of respondents. Approximately two-thirds of businesses have fully deployed or are piloting tokenized money in selected locations. Southeast Asia emerged as the primary target for businesses seeking to expand into new markets, followed by Australia, New Zealand, and India.