Regulatory uncertainty, security risks and integration difficulties remained obstacles, with nearly two-thirds wanting banks to provide a single point of access to the tokenized money ecosystem, while 63% sought help with pilots and integration.
“For companies, fragmentation may add complexities and compliance obligations,” Lim Soon Chong, DBS’s group head of global transaction services, said. “The future will be defined by new forms of money and technology, and also shaped by trusted anchors who can orchestrate value movement across multiple networks.”
DBS itself offers the infrastructure the survey examines. It launched DBS Token Services in 2024, connecting its permissioned blockchain with its payment systems to support round-the-clock settlement and payments governed by preset conditions.
Other banks have reported live corporate use. Citi said at its May investor day that hundreds of clients were moving close to $1 billion daily through Citi Token Services, primarily to manage liquidity and working capital.
In September, DBS and Citi completed a weekend dollar payment between Singapore and New York using tokenized deposits through the Swift Digital Ledger. DBS said the transaction settled in minutes, allowing funds to move outside traditional banking hours.