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JPMorgan Said to Let Institutions Pledge Bitcoin, Ether for Loans by Year-End 2025

The reported global program would rely on approved custodians to hold pledged tokens, extending JPMorgan’s ETF‑collateral approach.

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.