Crypto-Backed Loan Products in the Pipeline at JPMorgan: Report

JPMorgan Plans Crypto-Backed Lending as Institutional Demand Grows

JPMorgan is preparing to enter the crypto-backed lending market, with plans to offer loans secured by digital assets such as bitcoin (BTC) and ether (ETH), according to a report by the Financial Times.

The move would mark a deeper push into digital assets for the banking giant, which currently allows clients to borrow against crypto-related exchange-traded funds (ETFs), including BlackRock’s iShares Bitcoin Trust (IBIT). Direct lending against actual crypto holdings would be a significant step forward and could launch as early as next year, the report noted.

The expansion comes amid a friendlier regulatory climate for digital assets under the Trump administration and signals a broader shift in JPMorgan’s stance on crypto. CEO Jamie Dimon, once a vocal critic who called bitcoin a “fraud” in 2017, recently said the bank intends to increase its involvement in stablecoins—despite lingering doubts about their practical advantages over traditional payments.

While Dimon has maintained a cautious tone, JPMorgan’s actions suggest growing recognition of the institutional demand for crypto-backed financial products. The proposed lending program would put the bank in line with other major financial firms expanding their digital asset services.

JPMorgan declined to comment on the report.