Big Banks Start to Like Crypto

Big banks are starting to like crypto. For a long time, they saw it as risky. Now, they are finding ways to use it. They are adding crypto to their services. This is a big change. JPMorgan is moving its digital money to a new system. This system is called the Canton Network. It lets money move fast and safe. JPMorgan's digital money is called JPM Coin. It is like a digital dollar. It is for big companies to use. Morgan Stanley wants to offer Bitcoin and Solana in its investment products. These are called ETFs. ETFs let people invest in crypto without buying it directly. If approved, many people can invest in crypto through Morgan Stanley.Barclays is putting money into a stablecoin company. Stablecoins are digital money tied to real money. Barclays is investing in Ubyx. Ubyx helps banks use stablecoins. This shows Barclays is changing its mind about crypto. Bank of America is letting its advisers recommend Bitcoin ETFs. This means more people can invest in Bitcoin. Bank of America thinks people should put 1% to 4% of their money in crypto. They say it is good for people who like new things and can handle risk. These moves show banks are not ignoring crypto anymore. They are finding ways to use it. This is good for crypto. It means more people can use it. But it also means banks have more control over it.