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4h ago

JPMorgan Said to Plan Year-End Program to Accept Bitcoin, Ether as Loan Collateral

The reported global offering would rely on third-party custodians, extending the bank’s earlier move to accept crypto-linked ETFs as collateral.

JPMorgan to accept Bitcoin and Ethereum as collateral
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JPMorgan to accept Bitcoin, Ethereum as loan collateral by year-end

Overview

  • Bloomberg reports that JPMorgan aims to let institutional clients pledge Bitcoin and Ether for loans by the end of 2025 in a worldwide program.
  • Pledged tokens would be held by approved third-party custodians so the bank does not take direct custody of digital assets.
  • JPMorgan has not confirmed the plan and declined to comment, according to multiple outlets citing the Bloomberg report.
  • The initiative follows the bank’s step earlier this year to accept crypto ETFs as collateral and reflects growing industry adoption at peers like Morgan Stanley, BNY Mellon, State Street, and Fidelity.
  • The reported shift comes after years of skepticism from CEO Jamie Dimon and underscores evolving risk frameworks for volatile, 24/7 assets used as collateral.