According to a report from Bloomberg, JPMorgan will allow institutional investors to use Bitcoin (BTC) and Ethereum (ETH) as collateral in the crypto space.
This move by JPMorgan is an important step in integrating cryptocurrencies into the traditional financial system.
JP Morgan takes a big step into Bitcoin and Ethereum!
JPMorgan Chase & Co. plans to allow institutional clients to use their Bitcoin and Ethereum holdings as loan collateral by the end of 2025, significantly deepening Wall Street’s crypto integration.
The globally rolled-out program will rely on third-party custodians to protect collateralized tokens, according to sources familiar with the matter.
The program builds on JPMorgan’s previous move to accept ETFs linked to cryptocurrencies as collateral.
*This is not investment advice.
