Essential Guide: Wall Street’s Crypto Debate Is Over As Banks Go All-in On Btc,...
Big banks aren’t debating crypto anymore — they’re building it. From tokenized cash to ETFs, Wall Street is quietly going onchain.
For years, major banks treated cryptocurrency primarily as a risk to be contained. That posture is now giving way to a more deliberate form of engagement. Rather than debating crypto’s legitimacy, banks are increasingly deciding how and where to integrate it, from regulated investment products to blockchain-based payment rails.
This shift is on full display in this week’s Crypto Biz. JPMorgan is extending its US dollar deposit token onto new blockchain infrastructure, signaling that tokenized cash is moving closer to production use within global banking.
Morgan Stanley, meanwhile, is positioning itself to offer exposure to Bitcoin (BTC) and Solana (SOL) through exchange-traded funds (ETFs), potentially bringing crypto investments to millions of wealth management clients.
Barclays has made its first bet on stablecoin infrastructure, backing settlement rails designed to connect regulated issuers with financial institutions.
And Bank of America has taken another step toward normalization by allowing advisers to recommend spot Bitcoin ETFs to clients.
Together, these moves suggest the banking sector is no longer content to watch from the sidelines.
JPMorgan announced plans to issue its US dollar-denominated deposit token, JPM Coin (JPMD), natively on the Canton Network, marking another step by Wall Street toward production-ready blockchain infrastructure.
According to an announcement shared with Cointelegraph, JPM Coin, described as the first bank-issued, US dollar-denominated deposit token for institutional clients, represents a digital claim on JPMorgan’s dollar deposits and is designed to facilitate faster, more secure movement of regulated money on public blockchains.
“This collaboration brings to life the vision of regulated digital cash that can move at the speed of markets,” said Yuval Rooz, co-founder and CEO of Digital Asset.
Source: CoinTelegraph
