JPMorgan Chase explores a policy of lending directly against Bitcoin and Crypto Holdings, according to the Financial Times. This would represent the first time that the largest American bank has accepted the digital assets themselves – not the circulating investment funds – as a guarantee of loans.
In the past, CEO Jimmy Damon’s observations indicated the fact that he does not support bitcoin or encryption. Recently, however, his tone has eased. “I don’t think you should smoke, but I defend your right to smoking. I defend your right to buy bitcoin. Go to it,” Damon said in May.
JPMorgan refused to comment on the plans, which could start early in 2026. Any final program will require the bank to face technical challenges-such as how to deal with serum encryption from underdeveloped loans-and is likely to involve the public secretary on the external side.
in May 2025, Damon repeated his doubts on the annual investor day at JPMorgan, saying: “I am not a fan of Bitcoin.” However, he stressed that the bank will continue to provide access to customers to Bitcoin investments – even if Jpmorgan itself will not keep assets. In the same month, the bank analysts issued a report expected to continue with the superiority of gold, noting the increasing demand for companies and increasing interest from the United States to build Bitcoin reserves.
In June 2025, JPMorgan expanded the Bitcoin and Crypto working framework to allow customers to use investment funds circulating in Bitcoin – including ISHARES Bitcoin TRUST (IBIT) – as a guarantee of loans. The bank also started with the Bitcoin and Crypto Holdings account in the clear value assessments of customers, and put them on an equal foot with traditional assets such as stocks and real estate.
This development in Bitcoin and Crypto Accors Linding is just one of the main financial institutions to interact directly with digital assets, especially while changing the regulatory winds in Washington. The second Trump administration followed a more convenient approach to Bitcoin, and encouraged large banks to expand digital asset offers.