12h ago
JPMorgan to Enable BTC and ETH-Backed Loans 👀
JPMorgan Chase plans to let institutional clients use Bitcoin and Ether as collateral for loans by the end of 2025, according to Bloomberg. The program will be global and rely on a third-party custodian to hold pledged assets.
> This marks a major step in bringing crypto directly into bank lending infrastructure.
> Earlier this year, JPMorgan began accepting crypto-linked ETFs as collateral, but the new system allows clients to pledge the actual digital assets.
> The move follows similar steps from major firms like Morgan Stanley, BNY Mellon, and Fidelity, as clearer regulations make crypto lending safer for banks.
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