Newsletters
JPMorgan Chase, one of the world's largest banks, is considering offering loans to customers in 2026 with cryptocurrencies such as Bitcoin and Ethereum as collateral, according to a report on Tuesday.
The move would mark a significant step for the bank, which has historically taken a cautious approach toward digital assets.
Sources familiar with the matter told the Financial Times that plans remain in early stages and are subject to change.
The development comes amid growing momentum in Washington to ease regulatory barriers and foster a more crypto-friendly environment.
Recent legislation passed by the U.S. House of Representatives aims to regulate stablecoins—digital tokens pegged to traditional currencies—marking the first major federal law on digital assets.
JPMorgan’s interest in crypto-backed lending is part of a broader trend among major U.S. financial institutions. Bank of America and Citibank are reportedly exploring their own stablecoin initiatives as the market matures.
JPMorgan CEO Jamie Dimon, who has long distanced himself from cryptocurrencies, recently stated on July 16 that the bank is ready to invest in stablecoin projects.
However, Dimon maintains his cautious stance, especially on Bitcoin. In a meeting with investors in May, he said, "I'm not a fan of Bitcoin," drawing attention to issues such as leveraged transactions, money laundering risks, and abuses in the system.
Dimon highlighted that they allow customers to buy Bitcoin but will not store these assets at the bank, stating that this is like “tolerating a behavior you disagree with.”
1 min read
2 min read
