ChainCatcher reports that the ethical watchdog of the Norwegian Sovereign Wealth Fund will investigate the companies in the fund's portfolio (including those in the cryptocurrency sector) next year to determine if there are any ethical violations. If issues are confirmed, the fund may choose to divest from these entities.
The Norwegian Government Global Pension Fund is the largest sovereign wealth fund in the world, managing assets worth $1.8 trillion. The fund was established to manage surplus revenues from the oil and gas industry, aiming to ensure financial stability for future generations through diversified global investments.
The agency reviewed an ethical committee document sent to the Treasury on October 10. The document stated that in 2025, the ethical committee would investigate companies involved in cryptocurrency and gambling due to their high risk of money laundering.
According to reports, the fund has increased its investment in cryptocurrency, purchasing a 0.83% stake in Coinbase worth $453 million. It has also acquired shares in Marathon Strategy, Block, and Marathon Digital.
