JPMorgan Chase is reportedly exploring the launch of crypto-backed loans as early as next year, potentially allowing clients to borrow against assets like bitcoin and ethereum, according to sources cited by the Financial Times.
This initiative aligns with a broader trend among major U.S. banks—such as Bank of America and Citibank—who are actively developing stablecoin solutions amid increasing political support for crypto regulation in Washington.
Interestingly, JPMorgan CEO Jamie Dimon, who has long expressed doubts about cryptocurrencies, recently confirmed the bank’s interest in stablecoins. While the bank declined to comment officially, the shift suggests a growing openness to crypto-linked financial products.
Earlier this year, Dimon reiterated his stance against Bitcoin, citing concerns over misuse, systemic risk, and leverage. He made clear that while JPMorgan may allow customers to buy crypto, it will not provide custody services or expand aggressively into the sector—even if regulatory conditions improve.
“We’re going to allow you to buy it, we’re not going to custody it,” he stated, clarifying that the bank’s approach is pragmatic rather than personally endorsed.
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