Overview
- Bloomberg reported that JPMorgan plans to allow institutional clients to use BTC and ETH as loan collateral by the end of 2025, and the bank declined to comment.
- The offering would be available worldwide and use third‑party custodians rather than JPMorgan taking direct custody of the assets.
- The setup is intended to let corporations and asset managers borrow against crypto holdings without selling, providing liquidity while maintaining exposure.
- The plan builds on JPMorgan’s earlier step to accept crypto‑linked ETFs as collateral and tracks broader bank adoption of digital‑asset services.
- Following the reports, Bitcoin traded around $111,000 and Ether near $4,000, as rivals including Morgan Stanley, BNY Mellon, State Street and Fidelity expanded crypto offerings.