JPMorgan set to launch crypto‑backed loans
JPMorgan is preparing to offer loans secured directly by clients’ cryptocurrency holdings—marking a major embrace of digital assets.
JPMorgan Chase is planning a shift that would let its clients use crypto—such as Bitcoin and Ethereum—as collateral for loans as soon as next year.
Currently, the bank already allows borrowing against crypto exchange-traded funds (ETFs), including BlackRock’s iShares Bitcoin Trust.
This move reflects a growing trend among large U.S. banks updating traditional lending practices to include digital assets, bolstered by a more favourable regulatory climate around cryptocurrencies.
JPMorgan CEO Jamie Dimon, once famously critical of Bitcoin, has softened his stance—saying clients…
