Cryptocurrency is rapidly moving from the fringes of corporate finance to the centre of boardroom discussions, with nearly 25% of North American chief financial officers (CFOs) expecting their finance functions to integrate digital assets within the next two years, according to Deloitte’s latest CFO Signals survey.
The poll, conducted between June 4 and June 18 among 200 CFOs at companies generating at least $1 billion in annual revenue, highlights a growing shift in sentiment. Only 1% of finance chiefs said they do not foresee using cryptocurrency in their business operations long-term. For companies with revenues exceeding $10 billion, the adoption rate is even higher, with 40% anticipating crypto integration by 2027.
While interest is accelerating, significant concerns remain. Price volatility was cited by 43% of CFOs as their biggest barrier to adopting non-stable cryptocurrencies such as Bitcoin and Ethereum. Accounting and compliance challenges followed closely at 42%, while 40% pointed to a lack of regulatory clarity—fueled by recent changes, including the SEC’s crypto task force initiatives and updated accounting standards issued earlier this year.
Despite these hurdles, treasury use of crypto is expected to grow. Fifteen per cent of surveyed CFOs plan to invest in non-stable cryptocurrencies as part of their treasury strategy in the next two years, rising to 24% among the largest corporations. Many view crypto as both a portfolio diversification tool and a potential hedge against traditional financial market risks.
Notably, stablecoins are also gaining traction. Fifteen per cent of CFOs said their companies are likely to accept stablecoins for payments within two years, with 24% of large enterprises exploring similar plans. Key motivations include improved customer privacy, faster cross-border transactions, and reduced reliance on intermediaries like banks.
The survey also revealed that over one-third of CFOs have already discussed crypto adoption with their boards, signaling that digital assets are no longer a distant concept but a looming financial reality for major enterprises.
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