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JPMorgan Plans to Launch Crypto-Backed Loans: Report
Last week, Jamie Dimon said that the bank plans to get more involved in stablecoins.
Updated Jul 22, 2025, 1:23 p.m. Published Jul 22, 2025, 4:55 a.m.
What to know:
- JPMorgan may launch these crypto‑backed loans as soon as next year, the report said, citing people familiar with the matter.
- The bank already allows clients to borrow against crypto ETFs, such as BlackRock’s iShares Bitcoin Trust.
JPMorgan is eyeing a major expansion into crypto-backed lending and is considering offering loans secured directly by clients’ cryptocurrency assets—including bitcoin and ether , according to a report by the Financial Times.
With the bullish crypto regulatory environment under the Trump administration, JPMorgan may launch these crypto‑backed loans as soon as next year, the report said, citing people familiar with the matter.
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Traditionally cautious, JPMorgan already allows clients to borrow against crypto exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust (IBIT).
This next phase would deepen its commitment to digital assets, marking a shift under CEO Jamie Dimon’s leadership — who infamously labeled bitcoin a “fraud” eight years ago
Last week, Jamie Dimon said that the bank plans to get more involved in stablecoins, even as he questioned their practical utility compared to traditional payments.
CoinDesk was not able to contact JPMorgan for comment.
Read more: Jamie Dimon Says JPMorgan to Get More Involved With Stablecoins
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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