Technique CEO Phong Le has been on the highway with Michael Saylor, and the message from the conferences is much less about “orange-pilling” bankers than watching massive establishments dash to shut a Bitcoin product hole they’ll not ignore.
In a Dec. 23 interview with CoinStories host Nathalie Brunell, Le mentioned the conversations begin with essentially the most primary constructing blocks, custody and trade as a result of banks have already watched significant flows transfer to crypto-native and quasi-crypto incumbents.
“They’re all making an attempt to meet up with simply the bottom of custodying Bitcoin and offering trade companies,” Le mentioned. “They’ve seen, for instance, Coinbase or Constancy, and what they’re doing. They usually need to have the ability to provide their prospects native companies with BTC in order that they don’t take the cash off the platform out to someplace else.”
Giant US Banks Start Bitcoin Conversations
Le described this baseline in acquainted banking language, positioning BTC as an account-type object inside current distribution moderately than an exterior asset purchasers self-custody elsewhere. “So I’ll simply begin that as a baseline. I name it a checking account and a financial savings account for Bitcoin, proper?” he mentioned. “After which on high of that, what do they wish to do?”
His reply was a laddered product roadmap that more and more resembles the capital-markets “stack” Technique has spent the final a number of years industrializing: credit score, yield, structured publicity, and finally one thing near money-like devices backed by BTC collateral.
“Then they wish to provide issues just like the coin lending, which implies you get loans towards Bitcoin,” Le mentioned. “And we all know quite a lot of people are doing that on a one-to-one personal mortgage foundation, however they need to present it usually. Maybe providing devices that offer you yield off of Bitcoin. That would be the subsequent type of step above that.”
From there, Le mentioned, banks begin converging on Technique’s personal playbook, not essentially copying it line-by-line, however arriving on the identical conclusion that Bitcoin can be utilized as balance-sheet collateral to fabricate investable merchandise.
“After which a set of Bitcoin-backed merchandise, not an excessive amount of totally different than what we do,” he mentioned. “An funding financial institution would need to have the ability to underwrite Bitcoin-backed securities like MSTR or like several of our preferreds. That might be the subsequent step.”
The “underwrite” remark is the inform. This isn’t merely about giving wealth purchasers a custody button. It’s about turning publicity into fundable, tradable paper that sits comfortably inside current financial institution distribution: preferreds, structured notes, and credit score devices that seem like what purchasers already purchase, simply with BTC because the collateral story.
Le then moved into what he referred to as “digital credit score,” explicitly tying it to preferred-style issuance and bank-native variants of the identical thought.
“And then you definately get into providing digital credit score, proper? Which might be our preferreds or a financial institution most popular based mostly off of Bitcoin,” he mentioned. “After which the very last thing, which is what Mike talked about at Bitcoin within the Center East, which is digital cash, proper? How do you give any person basically entry to one thing that appears like cash backed by Bitcoin that offers them a gentle yield that’s higher than what they might get in any other case referred to as eight, 9 %?”
That “digital cash” framing is aligned with what Saylor has been signaling on stage: BTC as collateral that may assist a broader credit score superstructure. At Bitcoin MENA 2025 in Abu Dhabi, Saylor argued the shift is already underway and, in his telling, the most important names in US finance are not holding their distance, as Bitcoinist reported.
“Previously six months I’ve famous and been approached by BNY Mellon, by Wells Fargo, by Financial institution of America, by Charles Schwab, by JP Morgan, by Citi,” Saylor mentioned. “They’re all beginning to concern credit score towards both Bitcoin or towards derivatives like IBIT.”
At press time, BTC traded at
Featured picture from YouTube, chart from TradingView.com
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