JPMorgan Chase plans to launch trading in crypto assets in the future, but not their storage. This was stated in a commentary for CNBC by Scott Lucas, head of Digital Assets Markets (Markets DLT) at the company.
As a reminder, the possibility of launching crypto trading on the bank’s platform was first announced by the head of the organization, Jamie Dimon, at the end of May 2025. According to him, this service is in high demand among the company’s clients.
Later, in July 2025, it was reported that the bank would offer loans secured by crypto assets. However, both in this case and during spot trading in tokens and coins, the issue of their storage arises, as the bank cannot provide such services directly.
This was confirmed by Lucas. According to him, the provision of crypto asset storage services is not yet being considered. However, the company continues to work on launching crypto trading.
“I think Jamie [Dimon] made it clear at the investor day that we will be involved in trading these assets, but the issue of storage is not being considered at this time,” Lucas emphasized.
According to him, the bank is already studying the sector and selecting a custodian, but he did not specify which options were selected.
In the context of JPMorgan Chase’s policy on the crypto sector in general, Lucas noted that the bank seeks to maximize its benefits by realizing all opportunities instead of focusing on one.
This includes, in particular, exploring the possibility of launching its own stablecoin. Lucas also recalled the issue of JPMD’s “deposit token” based on the Base network.
According to him, the organization’s strategy in this area continues to be formed, as until recently, it remained unregulated in the United States. However, the company recognizes its potential and intends to maximize it.
Lucas also answered a question about the centralization of the blockchain space. He admitted that the bank expected some consolidation of the sector, but experts do not predict the total dominance of one network, such as Ethereum.