Investment banking giant JPMorgan Chase plans to let institutional clients use their bitcoin and ether loan collateral holdings by the end of the year, according to a Bloomberg report.
Tokens pledged under the global program will be protected by a third-party custodian and extend JPMorgan’s earlier decision to accept crypto-related ETFs as loan collateral.
This development reflects the increasing integration of digital assets into Wall Street’s core lending infrastructure. As Bitcoin hits record highs this year and regulatory hurdles ease under the current administration, major banks like JPMorgan are moving from skepticism to actively integrating crypto into their financial services.
Other leading companies, including Morgan Stanley, State Street and Fidelity, are also deepening their crypto offerings by launching retail access and custody solutions, the report said.
