According to a new study published by the Basel Committee on Banking Supervision — a supranational organization responsible for setting the standards on bank capital, liquidity and funding — 19 out of 182 global banks supervised by the committee reported that they owned digital assets. Combined, their total exposure to crypto is estimated to be 9.4 billion euros ($9.38 billion).
In context, this represents 0.14% of the total risk-weighted asset composition of the 19 crypto-owning banks surveyed. When taken into account overall, cryptocurrencies only comprise about 0.01% of the total risk-weighted assets of all 182 banks under the Basel Committee’s supervision. Two banks made up more than half of the overall crypto-asset exposures, while four more comprised approximately 40% of the remaining exposures. Out of the 19 banks that submitted crypto data, 10 were from the Americas, seven were from Europe and two were from the rest of the world.
Reported digital exposures primarily...
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