Key Points

• JPMorgan could work with a third party that would take custody of crypto.
• The move would highlight once again that the biggest US banks endorse Bitcoin and crypto adoption.

JPMorgan could start lending to its clients against their Bitcoin and crypto, according to the latest reports from Financial Times. If this becomes a reality, it would mirror US banks’ support for Bitcoin and crypto.

JPMorgan is the largest bank in the US, based on its market cap.

JPMorgan Could Start Lending Against Clients’ Crypto

Financial Times cited sources familiar with the situation and said that the US bank could start lending against Bitcoin and crypto as soon as 2026.

Such a move would highlight that banks and regulated financial institutions are becoming more open to interacting with crypto.

The same publication mentioned that the bank has already taken some steps to embrace digital assets with the latest plans. To make loans secured directly against crypto, JPMorgan would need to resolve the technical issue of handling crypto seized from customers who did not repay their loans.

As JPMorgan doesn’t hold crypto on its balance sheet, it would have to work with a third party that would take custody of the crypto on its behalf, like Coinbase.

Besides JPMorgan, other banks have become open to crypto. Morgan Stanley has been reportedly weighing a move to offer crypto trading to its clients via the ETrade platform.

The move comes after important events regarding the crypto industry took place in the US. President Donald Trump recently signed the GENIUS Act into law, offering support for the digital asset industry.

As highlighted by the White House, the Act creates a clear and simple regulatory framework to establish and unleash the great potential of dollar-backed stablecoins, which could create a revolution in financial technology, the greatest one since the birth of the Internet itself.

Clearer regulation will support mainstream adoption of crypto in the US and globally.