These companies with crypto and digital assets exposure have stocks rated as “Buy” or “Neutral” by Bank of America.
Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 top us companies with crypto exposure and digital assets, primarily based on information by Bank of America, or BofA.
In line with a BofA report printed on Monday, companies like Morgan Stanley, Signature Bank and Warner Music Group even have some publicity to digital assets.
In all, the 20 companies recognized by BofA have their stocks rated as both “Buy” or “Neutral” by America’s second-largest bank by assets under management.
As a part of the report, BofA categorized these companies as in search of vital market worth development by interacting with digital assets.
In line with a previous report, BofA’s recently printed document provided a bullish outlook for cryptocurrencies, together with nonfungible tokens, or NFTs, and decentralized finance, or DeFi.
BofA additionally argued that the digital asset space couldn’t be ignored for long and that decentralized technology will proceed to permeate a number of elements of human life.
“Within the near future, you may use blockchain technology to unlock your cellphone; buy a stock, house or fraction of a Ferrari; receive a dividend; borrow, loan or save money; or even pay for gas or pizza,” an excerpt from the report reads.
Related: SEC Has No Plans to Ban Cryptocurrency: Gary Gensler
Nonetheless, BofA recognized regulatory uncertainty as one of the biggest near-term hurdles for the nascent digital asset house.
Crypto legal guidelines proceed to stay a focus of regulatory businesses around the world with a blended bag of favorable and stringent measures being adopted by financial watchdog agencies across a number of jurisdictions.
In the US, a number of policymakers have called for more robust crypto regulations that critics say may stifle innovation in America. The banking giant also used the event of the report’s publishing to launch its digital asset research division. Certainly, again in July, Cointelegraph reported that BofA was gearing as much as creating a crypto research workforce.