JPMorgan to Allow Clients to Pledge Bitcoin and Ether as Collateral: Bloomberg
Investment banking giant JPMorgan Chase plans to let institutional clients use their bitcoin BTC$111,124.26 and ether ETH$3,948.73 holdings as collateral for loans by year-end, according to a report by Bloomberg.
The tokens pledged under the global program will be safeguarded by a third-party custodian and extends JPMorgan’s earlier move to accept crypto-linked ETFs as loan collateral.
This development reflects the rapidly growing integration of digital assets into Wall Street’s core lending infrastructure. With Bitcoin hitting record highs this year and regulatory hurdles easing under the current administration, major banks like JPMorgan are shifting from skepticism to actively incorporating crypto into their financial services.
Other leading firms, including Morgan Stanley, State Street, and Fidelity, are also deepening their crypto offerings, launching retail access and custody solutions, the report said.
Content Original Link:
" target="_blank">
