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JPMorgan to Accept Bitcoin and Ether as Loan Collateral by Year‑End
JPMorgan Chase plans to allow institutional clients to pledge Bitcoin (BTC) and Ether (ETH) holdings as collateral for loans by year‑end, according to people familiar with the matter. The landmark shift positions the bank among the first major U.S. lenders to integrate cryptocurrency assets into traditional credit frameworks. Client holdings would be held in a third‑party custody arrangement to mitigate risk.
The proposal follows earlier initiatives to support crypto‑linked ETFs as collateral and reflects increasing institutional confidence in the tokenised asset class.
Companies:
- JPMorgan Chase
Tags:
- crypto
- bitcoin
Related:
Explore:High Return Equity Mutual Fund
positive
JPMorgan to Accept Bitcoin and Ether as Loan Collateral by Year‑End
JPMorgan Chase plans to allow institutional clients to pledge Bitcoin (BTC) and Ether (ETH) holdings as collateral for loans by year‑end, according to people familiar with the matter. The landmark shift positions the bank among the first major U.S. lenders to integrate cryptocurrency assets into traditional credit frameworks. Client holdings would be held in a third‑party custody arrangement to mitigate risk.
The proposal follows earlier initiatives to support crypto‑linked ETFs as collateral and reflects increasing institutional confidence in the tokenised asset class.
Companies:
- JPMorgan Chase
Tags:
- crypto
- bitcoin
Related:
Explore:High Return Equity Mutual Fund
1 min read
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JPMorgan will let institutional clients use Bitcoin and Ether as collateral for loans by the end of the year, signalling deeper crypto‑bank integration.
JPMorgan Chase plans to allow institutional clients to pledge Bitcoin (BTC) and Ether (ETH) holdings as collateral for loans by year‑end, according to people familiar with the matter. The landmark shift positions the bank among the first major U.S. lenders to integrate cryptocurrency assets into traditional credit frameworks. Client holdings would be held in a third‑party custody arrangement to mitigate risk.
The proposal follows earlier initiatives to support crypto‑linked ETFs as collateral and reflects increasing institutional confidence in the tokenised asset class.
JPMorgan Chase plans to allow institutional clients to pledge Bitcoin (BTC) and Ether (ETH) holdings as collateral for loans by year‑end, according to people familiar with the matter. The landmark shift positions the bank among the first major U.S. lenders to integrate cryptocurrency assets into traditional credit frameworks. Client holdings would be held in a third‑party custody arrangement to mitigate risk.
The proposal follows earlier initiatives to support crypto‑linked ETFs as collateral and reflects increasing institutional confidence in the tokenised asset class.
Companies:
- JPMorgan Chase
Tags:
- crypto
- bitcoin
- crypto
- bitcoin
- ethereum
- institutional adoption
- banking
Related: