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MSCI：$7 Trillion Worth of Stocks Are Exposed to Crypto Risks
Summary: At least 52 companies representing $7.1 trillion in market capitalization have some exposure to cryptocurrencies, according to an analysis by MSCI. They range from all-in players like Coinbase Inc. to Bitcoin balance-sheet “hodlers” like Tesla Inc. and MicroStrategy Inc. to those dipping a toe into crypto-market services such as JPMorgan Chase & Co. ...
At least 52 companies representing $7.1 trillion in market capitalization have some exposure to cryptocurrencies, according to an analysis by MSCI. They range from all-in players like Coinbase Inc. to Bitcoin balance-sheet “hodlers” like Tesla Inc. and MicroStrategy Inc. to those dipping a toe into crypto-market services such as JPMorgan Chase & Co.
The growing importance of the volatile digital asset class brings with it an assortment of challenges for investors and companies alike as they try to assess the environmental, social and governance risks that come along with it, the report says.
Adding to the challenge is what appears to be a lack of crypto expertise among members of corporate boards of directors. “People with advanced cryptocurrency-specific skills and experience are likely to be rare — at least within traditional board recruitment pipelines,” the report concluded.
By Amy Liu
Tags: Crypto,MSCI,Stocks
Link: MSCI：$7 Trillion Worth of Stocks Are Exposed to Crypto Risks [Copy]
