Overview
- Bloomberg-cited sources say the global offering could launch before the end of 2025 and would allow institutional clients to borrow against BTC and ETH.
- Pledged tokens would be held with third-party custodians rather than by JPMorgan, according to the reports.
- JPMorgan declined to comment on the unannounced plan, which reportedly builds on its policy of accepting crypto ETF shares as loan collateral.
- The move is portrayed as part of a wider shift as major firms including Morgan Stanley, BNY Mellon, State Street, and Fidelity expand digital-asset services.
- Coverage highlights that managing crypto collateral may require tighter mark-to-market practices, margining frameworks, and custodial safeguards for 24/7 markets.