JPMorgan | Crypto

IBIT’s published Aug. 26 close left investors in unlisted debt while preliminary terms layer on SOFR-linked financing. The post JPMorgan’s IBIT Bitcoin ETF bet just missed its escape hatch to avoid 6% deduction appeared first on CryptoSlate.

JPMorgan reported a 25% increase in its Bitcoin ETF position and more than quadrupled its Ether ETF position in the second quarter. JPMorgan’s reported position in BlackRock’s Bitcoin exchange-traded fund increased by about 25% in the second quarter, while its Ether ETF position more than quadrupled, according to its latest securities filing. The Form 13F filing with the US Securities and Exchange Commission, submitted Wednesday, covers holdings as of June 30 and includes 17 other investment managers across JPMorgan. That makes it difficult to determine whether individual positions reflect a directional market view, Jonatan Randin, senior market analyst at PrimeXBT, told Cointelegraph. Read more

JPMorgan Chase reportedly cut banking ties with Polymarket in October 2025 over regulatory concerns but remains open to an underwriting role if the platform goes public. JPMorgan Chase ended a banking relationship with Polymarket over regulatory concerns, according to the Financial Times. JPMorgan notified the prediction market platform in October 2025 that it needed to find a new bank, the Financial Times reported Friday, citing people familiar with the matter. Polymarket now works with an unidentified lender. Still, JPMorgan has maintained other ties with Polymarket. The bank is allegedly keen on a potential underwriting role should Polymarket attempt to go public. Polymarket reportedly said that it continues to have a “close, active relationship” with JPMorgan. Read more

According to Financial Times, JPMorgan ended its banking relationship with Polymarket in late 2025 over regulatory concerns.

JPMorgan’s Kinexys platform will tokenize select BlackRock money market fund shares denominated in pounds, euros and US dollars. BlackRock will offer tokenized versions of select European money market funds using JPMorgan’s blockchain infrastructure.  According to a Tuesday Bloomberg report, the offering will include pound sterling, euro and US dollar share classes from BlackRock’s Institutional Cash Series, which collectively manage about $311 billion. The figure refers to the broader fund range, not the assets that will be tokenized. Each token will represent a share in an underlying money market fund and can be transferred around the clock between approved digital wallets.  Read more

HashKey Exchange said it received approval to open client money accounts with JPMorgan, weeks after it launched customer fund accounts with DBS Bank. Hong Kong-licensed cryptocurrency exchange HashKey Exchange received approval from JPMorgan Chase to open a client money account, its parent company said Monday. The account will support client fund segregation and settlement through JPMorgan’s banking infrastructure, HashKey Holdings said in a press release. A week earlier, HashKey Holdings combined the previously separate HashKey Exchange and HashKey Global applications into a single portal. Read more

South Korea’s largest lender will use JPMorgan’s blockchain platform to support US dollar cross-border payments for import and export businesses across 10 countries. South Korea’s KB Kookmin Bank will launch a blockchain-based cross-border payment service for import and export businesses in August using JPMorgan’s Kinexys network, according to multiple local media reports. Kinexys, formerly known as Onyx, is JPMorgan’s blockchain platform for institutional payments, tokenization and digital assets. The service will initially support US dollar transfers across 10 countries, including the US, Singapore, Saudi Arabia and the United Arab Emirates. Read more

JPMorgan sees Wall Street’s shift toward private blockchains as a deeper threat to Bitcoin than Strategy selling its BTC. JPMorgan warned that shifting tokenization, payments, and settlement onto closed networks could drain activity, liquidity, and capital from crypto while pushing valuations lower. Hybrid public-private systems, tighter stablecoin rules, and Bitcoin’s staying power as digital gold […] The post JPMorgan’s $4.7T private blockchain warning just gave Bitcoin bulls fresh ammunition appeared first on CryptoSlate.

JPMorgan has warned that Congress could create new gaps in financial oversight if it moves too quickly to write new rules for the crypto industry. The warning comes as Senate leaders try to advance the Digital Asset Market Clarity Act, a broad bill that would divide federal oversight of digital assets between the Securities and […] The post JPMorgan warns rushed US crypto rules could create market loopholes as Senate races toward July CLARITY Act vote appeared first on CryptoSlate.

Strategy’s fortunes have long been tied to Bitcoin, but it now appears to rest on the greenback, according to JPMorgan analysts.

Banks Pitch Tokenized Deposits as CBDC Alternative The post JPMorgan, Citi, and Bank of America Just Built a Tokenized Payment Network to Kill Stablecoins appeared first on Cryptonews.

Some of the largest banks are reportedly launching a tokenized deposit network in early 2027 in response to growing competition from stablecoin companies entering TradFi. Some of the largest US banks are reportedly planning to launch a tokenized deposit network in the first half of 2027 in response to growing competition from blockchain companies expanding into traditional finance.  The network will be operated by The Clearing House, the bank-owned payments operator, and will connect traditional payment rails with digital asset infrastructure for 24/7 settlement, CEO David Watson told The Wall Street Journal. The Clearing House is co-owned by some of the largest US banks, including JPMorgan Chase, Bank of America, Citibank, Barclays, BNY and Wells Fargo, among others, according to its website. Read more

The bank raised its reported IBIT holdings by 174% in the first quarter while also adding exposure to select Bitcoin, Ether and Solana-linked funds. JPMorgan Chase increased its reported holdings in several Bitcoin exchange-traded funds (ETFs) in the first quarter, led by a 174% jump in its position in BlackRock’s iShares Bitcoin Trust (IBIT), according to a 13F filing published Wednesday. The bank increased its position in IBIT from around 3 million shares in Q4 2025 to 8.3 million shares, according to the filing. The increase added about $162 million in reported value, based on filing data, despite Bitcoin price falling by more than 22% in Q1, according to CoinGlass data. Read more

A May 7 JPMorgan client note estimated that Strategy could buy roughly $30 billion in Bitcoin in 2026 if Michael Saylor's company maintains its current purchasing pace. That figure positions Strategy alongside spot ETF flows and miner supply as a structural force in Bitcoin's demand architecture. Strategy holds 818,869 BTC acquired for $61.86 billion at […] The post JPMorgan’s $30 billion Strategy call exposes Bitcoin’s new market fault line appeared first on CryptoSlate.

JPMorgan filed a prospectus on May 12 for the JPMorgan OnChain Liquidity-Token Money Market Fund, ticker JLTXX. The fund invests exclusively in US Treasury securities and overnight repo collateralized by Treasuries and cash, targeting a $1.00 net asset value. JPMorgan manages it to meet the eligible reserve asset requirements that stablecoin issuers may need under […] The post JPMorgan taps both Ethereum and Solana for separate reasons for its institutional cash stack appeared first on CryptoSlate.

Ondo Finance said Ripple has redeemed OUSG on XRP Ledger and received a USD payout in Singapore through Mastercard and Kinexys by J.P. Morgan. The May 6 pilot tested whether a tokenized fund redemption on a public blockchain could trigger a bank-account payout across borders and banks, using a transaction path that Ondo said operated […] The post JPMorgan, Mastercard and Ripple complete cross-border XRP tokenized Treasury settlement appeared first on CryptoSlate.

JPMorgan’s new crypto head Oliver Harris has previously warned that tokenizing assets isn't a magic fix for liquidity, but believes the technology is finally ready to "rip out" and replace the financial industry's legacy back end.

Argentine lenders are reportedly testing JPMorgan’s JPM Coin to improve settlement speed and efficiency, even as the central bank maintains restrictions on crypto services. Argentine banks are reportedly testing JPMorgan’s deposit token infrastructure for back-end settlement workflows, even as the country’s central bank still bars lenders from offering most crypto-related services to clients, according to local outlet iProUP. A group of financial institutions has begun piloting JPM Coin, a deposit token designed for institutional use. Banco CMF is among the confirmed participants, working through its newly launched corporate unit QORP as part of JPMorgan’s minimum viable product, per the report. “In the first phase, banks are expected to work on integrating available services to verify improvements in settlement times and interbank reconciliations of integrated banks,” Maximiliano Cohn, chief information officer of CMF, reportedly told the outlet. Read more

JPMorgan is weighing a move into prediction markets as crypto firms, startups and rivals like Goldman Sachs race to dominate the fast-growing sector.

JPMorgan’s Kinexys network is gaining traction among corporations as blockchain-based payment rails scale toward $10 billion in daily transaction volume. Mitsubishi Corporation plans to use a blockchain-based payment system developed by JPMorgan Chase to move funds across its global operations, signaling continued adoption of blockchain infrastructure within traditional finance. The system is part of JPMorgan’s blockchain network, known as Kinexys, which enables near-instant fund transfers, reduces reliance on traditional banking and operates around the clock, according to a report by Nikkei. JPMorgan is seeking to scale the platform to $10 billion in daily transactions from the current average of $7 billion. Kinexys has processed more than $3 trillion in cumulative volume since launching in 2020, highlighting growing institutional demand for blockchain-based settlement systems.  Read more