Financial giant Charles Schwab has opened access to its Schwab Crypto platform for the first group of retail clients. Users can now trade Bitcoin, Ethereum, and other key assets directly.

Schwab Crypto™ accounts are now being rolled out to retail clients.

Starting today, the first group of clients can trade Bitcoin and Ethereum at Schwab, right alongside their other investments.

Sign up for updates and a chance to get early access: https://t.co/ELe1HWHS8Y pic.twitter.com/HJKbPUD7Ob

— Charles Schwab Corp (@CharlesSchwab) May 12, 2026

Previously, the company only offered indirect investments through ETFs and derivatives. The gradual rollout of this service was announced last month.

Clients will need a separate account for trading. Charles Schwab Premier Bank will act as the custodian, while infrastructure company Paxos will handle trade execution.

The transaction fee will be 0.75%. The service is available in all U.S. states except New York and Louisiana. The company noted that not all client categories will have access.

As of the end of March 2026, Charles Schwab managed $11.77 trillion in assets, with the number of active brokerage accounts reaching 39.1 million.

In the first quarter of this year, the company's net income rose 38% year-over-year to $2.6 billion, while revenue increased 16% to $6.48 billion.

JPMorgan

Investment bank JPMorgan has filed an application with the SEC to launch the OnChain Liquidity-Token Money Market Fund (JLTXX), a tokenized money market fund.

This instrument will help stablecoin issuers comply with the GENIUS Act and U.S. reserve requirements.

Funds will be directed into U.S. Treasury bonds and repurchase agreements. The technical aspects will be managed by the Kinexys Digital Assets division.

Initially, JLTXX will operate only on the Ethereum network, with plans to connect to other blockchains in the future. The exact launch date is not yet known.

Recall that in December 2025, JPMorgan launched its first tokenized money market fund based on Ethereum.