JPMorgan plans crypto-backed loans starting 2026

JPMorgan Chase is considering launching a service that would allow clients to obtain loans backed by cryptocurrencies such as bitcoin and ethereum. According to the Financial Times, the bank may introduce this product as early as 2026. If implemented, this step would mark a significant move toward integrating crypto assets into traditional banking services.

While CEO Jamie Dimon has been a vocal critic of bitcoin, the bank has gradually adopted a more pragmatic stance, allowing clients to access digital asset products. However, Dimon has stated that JPMorgan will not directly manage these assets through custody services.

This decision aligns with a broader trend in the financial sector, where banks like Bank of America and Citibank are exploring stablecoins amid increasing pressure from the market and regulators for clearer crypto regulation.

Crypto-backed loans may appeal to institutional clients who hold digital assets but seek liquidity without having to sell. However, the evolution of regulations and the inherent risks linked to the volatility of these assets remain key challenges.