Morgan Stanley has identified a slew of companies with significant exposure to crypto exchange FTX.
Shares in Coinbase came under renewed selling pressure this week on concerns about spillover from FTX's collapse earlier this month. But many other companies are also exposed to FTX's failure. Strategists at Morgan Stanley on Nov. 17 compiled a list of 63 institutions that may be exposed to losses or have their capital stuck on FTX's platform. The investment bank said it sourced its information through public disclosures, media reports and its own research.
Temasek, the Singaporean state-owned holding company, said it had invested more than $200 million in FTX and FTX's U.S. subsidiary. The fund said in a statement that its investment thesis was "to invest in a leading digital asset exchange ... To clarify, we currently have no direct exposure in cryptocurrencies.
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