09:02 AM EDT, 07/22/2025 (MT Newswires) -- (Updates to add JPMorgan ( JPM ) declining to comment in the third paragraph)

JPMorgan Chase ( JPM ) is considering lending against clients' cryptocurrency holdings and could start lending directly against bitcoin, ethereum and other crypto assets next year, the Financial Times reported Tuesday, citing people familiar with the matter.

The banking giant has already taken certain measures to embrace crypto with plans to start lending against holdings in crypto exchange-traded funds, according to the report.

JPMorgan ( JPM ) declined to comment.

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