JPMorgan To Accept Bitcoin As Collateral By Year-End
According to people connected to JPMorgan, the bank plans to accept bitcoin as loan collateral by the end of 2025.
JPMorgan Chase will allow its clients to use Bitcoin and Ethereum as collateral for loans, with the new program expected to roll out globally.
- The program will rely on a third-party custodian to safeguard pledged assets.
- The bank already allows crypto-linked exchange-traded funds (ETFs) as collateral.
- This expansion will enable clients to borrow against their direct crypto holdings.
The shift could make it easier for institutions to access liquidity without selling long-term digital asset positions.
This development represents a broader acceptance of digital assets across the financial sector.
Author summary: JPMorgan to accept Bitcoin as loan collateral.
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