Fintech

Boards rush to fill crypto knowledge gap despite crash: ‘Ignore at your peril’

More than half of boards enlist consultants to help on crypto

Amid plunging prices, 95% of boards are actively seeking to educate themselves on digital assets
Amid plunging prices, 95% of boards are actively seeking to educate themselves on digital assets Photo: Getty Images

The long-awaited crypto winter may be in full swing, but boardrooms are in back-to-school mode when it comes to cryptocurrencies and other types of digital assets, according to research.

A poll of more than 200 corporate directors has found that while companies still have a considerable knowledge gap, 95% of boards are actively seeking to educate themselves on digital assets. Half of the respondents were from companies with a market cap of more than $2bn, with 60% coming from the US.

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