Nearly 90% of Businesses Are Turning to Tokenised Money, DBS Survey Shows
Stablecoins lead adoption as firms use tokenised money to improve liquidity and expand into new markets, DBS said.
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6 Articles
Nearly 90% of businesses are turning to tokenised money, DBS survey shows
SINGAPORE, Oct 28 (Reuters) - Global adoption of tokenised money is moving faster than expected among businesses looking to improve liquidity management and access new markets, a top executive from Singapore bank DBS said. The remarks by Lim Soon Cho...
Nearly 9 in 10 Big Businesses Are Using or Testing Tokenised Money
Stablecoins are leading corporate interest in tokenised money, with 63% of large businesses already using or planning to adopt them, according to a DBS survey. Tokenised deposits followed at 53%, alongside tokenised money market funds at 52%. The report, The Great Rewiring: Money in a New Order, found that 88% of respondents were using or [...]
A DBS survey found that 88% of the companies consulted have already implemented or are testing tokenized money uses. Stablecoins lead the options, while the firm also detects interest in expanding operations to Southeast Asia and liquidating trade in renminbi.
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- 67% of the sources lean Right
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