Major Businesses Adopt Tokenized Cash, DBS Survey Finds

• Nearly 90% of large businesses are using or planning to use tokenized cash, according to a DBS survey.
• Stablecoins are the most popular form of tokenized cash, with 63% of businesses using or planning to use them.
• Tokenized deposits are used or planned by 53% of businesses, followed by tokenized money market funds at 52%.
• The survey highlights a significant shift towards digital financial instruments in the corporate sector.
• DBS is a key player in facilitating this transition to tokenized cash.