Our 9th Consecutive Year of Treasury & Finance Research
Since 2018, Tradeweb ICD Portal has annually surveyed hundreds of our treasury and finance clients around the world to better understand their liquidity and investment strategies, priorities, and perspectives. In January 2026, 120 respondents participated, providing critical feedback on how they are navigating the complexities of a rapidly evolving technology, finance, and macroeconomic landscape.
The following report provides an in-depth look at our 2026 Client Survey findings.
Download the Full 2026 Survey Report
Top Survey Stats of 2026
Key Findings At-a-Glance
Treasury’s Geopolitical Concerns are Significantly Elevated: 88% of respondents are moderately-to-highly concerned with the current geopolitical climate, and early half of all survey respondents (48%) are highly concerned, which represents an 11% jump from 2025. This percentage of “highly concerned” geopolitical responses was 2.5x larger than for any other response option. Compared to 2025, respondents in 2026 indicated heightened levels of concern across almost every category of risk they were polled on.
3x More Respondents are Increasing vs Decreasing Their MMF Holdings: Over 1 in 4 organizations (27%) plan to increase their MMF holdings over the course of 2026, while just under 1 in 10 (9%) plan to decrease their MMF holdings. 62% plan to maintain their current levels of holdings. Meanwhile, expected levels of overall cash balances are more evenly split, with 29% expected to increase cash balances and 23% expected to decrease over the next six months. 48% expect their cash balances to remain steady during this period.
For Treasury’s AI Adoption, Cash Forecasting is a Top Focus: In our 2025 survey, 68% of respondents indicated that cash forecasting would be a main area of focus when attempting to incorporate AI into liquidity mgmt operations. When this year’s respondents were asked if they have already adopted an AI solution to assist with treasury operations, over 1 in 5 (22%) said yes, with the largest single area of focus being cash forecasting (13% of total).
There is Undeniable Interest in Tokenized MMFs & Stablecoins: As the popularity of tokenized assets and stablecoins grows, this year’s survey polled respondents on their current interest levels regarding the use of various digitized assets. The results found that 1 in 4 (25%) are very-to-moderately interested in using tokenized MMFs, while nearly 1 in 5 (19%) are very-to-moderately interested in using stablecoins for liquidity management.
Nearly 1 in 2 Treasury Groups Will Undertake a Technology Project in 2026: 34% of companies are actively undergoing a treasury technology project and another 11% plan to jumpstart a project during 2026. A total of 19% plan to undertake a new Treasury Management System (TMS) implementation or migration within the year. These figures are very consistent with survey results from 2025, but notably lower than in 2023-2024.