Currently, the crypto-asset system is not highly connected with the financial system. As long as crypto-asset entities do not have the necessary licences themselves, they depend on banks as a bridge between central bank currencies and the crypto-asset world to receive funding.
Yet, only a few internationally active banks reported crypto-asset exposures as at the end of June 2022, accounting for only 0.013% of total exposures. [32] Similarly, investment funds based in the EU have limited exposure to crypto-assets as well. In April 2022, 111 funds reported crypto-asset exposures, all of which were Alternative Investment Funds.