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From custody to collateral – how digital assets are rewiring big bank strategy

Digital picture of a bank with bitcoin and other token signs around it
Photo: Getty Images

With stablecoin regulation advancing and crypto lending under serious consideration, Wall Street’s biggest banks are recalibrating.

JPMorgan Chase is considering allowing clients to borrow against their cryptocurrency holdings, a move that would represent a sharp turn for one of America’s biggest banks. Chief executive Jamie Dimon once dismissed bitcoin as a “fraud” fit only for criminals, but his rhetoric has softened in recent years. The bank

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