According to Bloomberg, JPMorgan Chase — the largest bank in the United States — is set to begin offering loans backed by shares of the iShares Bitcoin Trust (IBIT), issued by BlackRock, in the coming weeks. This marks a shift from the bank’s previous stance, where such crypto assets were accepted only on a case-by-case basis.
In a broader move, JPMorgan will also start including crypto assets in assessments of clients’ total net worth and liquidity, similar to how it evaluates stocks, vehicles, or art. This policy will apply globally, covering both retail clients and ultra-high-net-worth individuals.
While CEO Jamie Dimon has long been skeptical of cryptocurrencies, he acknowledged that the bank must respond to client demand.
Though JPMorgan has previously embraced blockchain technology and supported exchanges like Coinbase, the decision to formally integrate crypto into its lending services represents a notable advancement — especially amid evolving politial and regulatory landscapes.
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