A new survey of US corporate treasurers diverged from narratives of rising institutional demand for stablecoins and tokenization, with only 1% of respondents reporting they use or pilot these assets and 9% actively exploring them.
Only 1% of US Corporate Treasurers Touch Stablecoins, Tokenized Assets: Survey
17 June 2026 - 07:06 CEST
Only 1% use them
The Association for Financial Professionals (AFP), a US trade body for treasury and finance staff unrelated to the news agency Agence France-Presse, published the data in its 2026 survey, sponsored by the asset manager Invesco, on 16 Jun. The data, collected in March, showed 46% of US organizations boosted their domestic cash balances, up from 38% in 2025.
The 21st edition of the survey covered 309 treasury professionals across organizations of varying sizes and industries, the Association said in the report.
Stablecoin market passes $317bn
"Current liquidity strategies prioritize safety and risk mitigation, leaving stablecoins and tokenized products on the periphery for most treasury teams despite high awareness," said Tom Hunt, the Association's director of treasury practice.
The caution sits against the growth of stablecoins and tokenization. According to a Federal Reserve Board staff note citing DeFiLlama data, total stablecoin market capitalization stood at $317bn as of 6 Apr, more than 50% above early-2025 levels.
The market capitalization of tokenized US Treasuries, the leading tokenized asset class, stood at $10.8bn at end-February, according to data tracker RWA.xyz. That was up nearly $2bn from $8.9bn at the start of 2026.
GENIUS Act rules pending
Hunt said that with the passage of the GENIUS Act, the US federal framework for dollar-backed payment stablecoins, and other rules, treasury teams should build their digital asset literacy to "make informed decisions once the rules are finalized."
According to the survey, 83% of short-term investments were parked in traditional safe and liquid instruments such as bank deposits, money market funds and Treasury securities.
Bank deposits sink
The average share of investments in bank deposits dropped to 42%, the lowest since 2011, while the share parked in Treasury securities rose, the Association said. The shift suggested "a preference for safer assets and greater diversification," it added.
Invesco, which manages about $2tn, runs digital asset products spanning spot crypto exchange-traded products and tokenized Treasury funds. It has sponsored the Association's survey for seven consecutive years, according to the organization.
