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

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

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

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