#JPMorgan Chase, the largest US bank, is discussing the launch of a new product in the form of loans secured by cryptocurrency assets. This was reported on July 22 by the Financial Times, citing internal sources. The idea is to provide loans to wealthy clients secured by Bitcoin and Ethereum.
The cryptocurrencies used as collateral will not be held on the bank's balance sheet, as their custodial services will be provided by third-party providers. According to sources, this is a pilot project within the private banking division, with a possible expansion in 2026.
This is a significant step towards the integration of cryptocurrencies into the traditional financial system. JPMorgan, which previously limited itself to working with #crypto ETFs and blockchain solutions, now considers digital assets to be a full-fledged element of its client portfolio.
The launch of such a service will set an important precedent and may prompt other banks, such as #Goldman Sachs or Citi, to take similar initiatives.
