JPMorgan Chase & Co (NYSE:JPM, ETR:CMC) is evaluating plans to offer loans backed by clients’ cryptocurrency holdings, according to the Financial Times.
This would represent a notable shift for chief executive Jamie Dimon, who previously criticised bitcoin but has recently softened his stance.
Sources told the paper the bank could begin lending against assets such as bitcoin and Ethereum as early as next year, though plans remain under discussion.
The move reflects how traditional banks are becoming more open to digital assets, especially as US lawmakers push for clearer rules on stablecoins and crypto markets.
JPMorgan, which does not hold cryptocurrencies on its balance sheet, would likely use a third-party custodian for any crypto collateral.
Other major banks remain cautious, but momentum for mainstream adoption is growing.