JPMorgan Chase is pursuing the option to lend against clients' Bitcoin and crypto holdings, marking a significant shift in its collateral policies. This initiative could potentially launch in 2026, provided that the bank overcomes several technical challenges, including managing crypto assets from defaulted loans. CEO Jamie Dimon, previously critical of Bitcoin, has softened his stance, endorsing clients' rights to purchase digital assets. JPMorgan has also adjusted how it evaluates clients' net worth by including Bitcoin in line with traditional assets.
In June 2025, JPMorgan expanded its Bitcoin and crypto lending framework to allow clients to use Bitcoin ETFs as collateral. It began factoring Bitcoin holdings into net worth evaluations, aligning them with traditional assets.
JPMorgan Chase is exploring a policy to lend directly against clients' Bitcoin and crypto holdings. This would mark the first time it has accepted digital assets as collateral for loans.
CEO Jamie Dimon has expressed skepticism about Bitcoin, stating, 'I am not a fan of Bitcoin' during JPMorgan's Investor Day. However, he supports clients buying Bitcoin.
The lending program could be launched as early as 2026, but the bank must resolve technical challenges, such as handling crypto from defaulted loans and may need third-party custodians.
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