JPMorgan Quietly Opens the Door to Bitcoin-Backed Lending

In a move that signals changing tides in traditional finance, JPMorgan is preparing to accept Bitcoin ETF holdings as collateral for loans—starting with BlackRock’s iShares Bitcoin Trust, according to insiders familiar with the plan.

The initiative reflects a broader shift within the bank, where regulated crypto products are beginning to earn treatment once reserved for stocks or real estate. What was once considered too risky is now being evaluated under more familiar financial frameworks.

This development isn’t happening in isolation. The bank is reportedly planning to integrate crypto-linked assets into the financial profiles of its wealth clients, potentially boosting their credit access and liquidity options.

The pivot is especially notable given CEO Jamie Dimon’s vocal disdain for Bitcoin in the past. Though he remains skeptical, Dimon has conceded that the bank will support client demand—even if it’s for assets he personally doesn’t endorse.

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Meanwhile, JPMorgan’s blockchain arm—now rebranded as Kinexys—is steadily expanding its role in institutional digital finance.

The bank’s latest strategy appears to be less about headlines and more about quietly positioning itself for the next phase of asset-backed finance, with crypto now firmly on the table.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.