Overview
- People familiar with the matter told the Financial Times that JPMorgan could begin offering loans secured by Bitcoin and Ethereum as soon as 2026.
- The bank confirmed it will accept crypto ETF shares such as BlackRock’s iShares Bitcoin Trust as collateral for client loans.
- President Trump signed the GENIUS Act, establishing a federal framework for stablecoin issuance and trading.
- Basel III’s 1,250% risk weighting on crypto exposure requires the bank to hold $1 in capital for every $1 of crypto-backed loans.
- Rival institutions are accelerating crypto initiatives, with Morgan Stanley considering trading through its E*Trade platform, Citigroup exploring a bank-branded stablecoin.