Corporate adoption of tokenised money reached 88 per cent among large enterprises deploying or piloting digital asset tools across 11 key markets, according to findings released on October 28 by Singapore lender DBS Bank.

The study surveyed 422 senior business and treasury leaders from companies generating more than US$500 million in annual revenue across Australia, China, Germany, the UK, and the US.

Roughly two-thirds of surveyed companies have already put tokenised money to work at scale or introduced it across selected regional operations. Businesses are relying on digital assets to manage cross-border corporate liquidity and open settlement corridors into new geographic markets without relying on traditional correspondent banking rails.

Stablecoins emerged as the single most adopted tokenised instrument in the survey, with 63 per cent of corporate leaders reporting active use. Tokenised commercial bank deposits followed at 53 per cent, while tokenised money market funds accounted for 52 per cent.

Treasury teams prefer stablecoins because they settle instantly across fragmented networks without waiting for clearing house cut-offs. Lim Soon Chong, group head of global transaction services at DBS Bank, pointed to friction in legacy payment processing as a prime driver.

“Stablecoins, as you know, offer better fungibility across payment intermediaries, not just across banks. They are less cumbersome from a permissioning standpoint,” he said.

The speed of liquidity rebalancing gives commercial operators direct control over working capital. Cross-border wholesalers and supply chain aggregators save days of trapped cash during supplier invoicing and customs clearance runs.

Corporate expansion strategies remain centred on Asia-Pacific corridors, with Southeast Asia ranking as the top destination for cross-border capital deployment.

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