JPMorgan to Allow Clients to Pledge Bitcoin and Ether as Collateral: Bloomberg

Investment banking giant JPMorgan Chase is reportedly planning to allow its institutional clients to pledge their Bitcoin and Ether holdings as collateral for loans by the end of the year, according to a Bloomberg report. The digital assets pledged under this new global program will be secured by a third-party custodian. This move extends JPMorgan's prior decision to accept crypto-linked ETFs as loan collateral, signaling a significant integration of digital assets into Wall Street's core lending infrastructure. This development occurs as Bitcoin reaches record highs and regulatory conditions potentially ease, prompting major banks to shift from skepticism toward actively incorporating crypto services. Other major financial firms like Morgan Stanley, State Street, and Fidelity are also expanding their crypto offerings, including custody solutions and retail access.

(Source：CoinDesk)