JPMorgan Will Let Clients Use Bitcoin and Ether as Collateral: Bloomberg

JPMorgan to Let Institutional Clients Use Bitcoin and Ether as Collateral

JPMorgan Chase plans to allow institutional clients to pledge their bitcoin (BTC $111,605.32) and ether (ETH $3,938.43) holdings as collateral for loans by the end of the year, Bloomberg reported on Thursday.

Tokens pledged under the program will be secured by a third-party custodian, extending JPMorgan’s previous initiatives, including accepting crypto-linked ETFs as collateral.

The move highlights the accelerating integration of digital assets into Wall Street’s core lending infrastructure. With Bitcoin reaching record highs this year and regulatory clarity improving, major banks are increasingly shifting from cautious observation to actively incorporating crypto into their financial services.

Other leading financial institutions, such as Morgan Stanley, State Street, and Fidelity, are also expanding their crypto offerings, rolling out retail access and custody solutions, according to the report.

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