Nearly 90% of businesses are turning to tokenised money, DBS survey shows

SINGAPORE – 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 DBS Bank said. The remarks by Lim Soon Chong, the group head of global transaction services, follow a survey by the lender that showed that 88% of businesses have deployed or are piloting tokenised money use cases. Conducted between June and July, the survey polled 422 global business and finance leaders from organisations with annual revenue exceeding US$500 million (S$640.9 million) across 11 markets, including the US, UK, Australia, China and Germany. Roughly…