The DBS survey found that fiat-pegged stablecoins are the most widely adopted tokenized instrument among corporate respondents at 63%, ahead of tokenized deposits at 53% and tokenized money market funds at 52%.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Banks, asset managers, corporations and pension funds moving into digital assets through custody launches, trading desks and treasury allocations.

Traditional assets like treasuries, funds, stocks and real estate brought onto blockchains as tradable tokens.