๐จ JPMorgan to Launch Crypto-Backed Loans by 2026
Wall Street giant JPMorgan Chase plans to offer loans backed by Bitcoin and Ethereum, targeting institutional and high-net-worth clients. This marks a significant shift in traditional financeโs stance on crypto, coming shortly after the U.S. passed landmark stablecoin legislation.
๐น Collateral: BTC & ETH (not just ETFs)
๐น Target launch: 2026
๐น Custody via third-party platforms like Coinbase
๐น Conservative LTV, strict risk controls
Jamie Dimonโs crypto U-turn could pave the way for other major banks to follow.
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