Overview
- Bloomberg reports JPMorgan preparing to let institutional clients pledge Bitcoin and Ether as loan collateral by year-end 2025, with assets safeguarded by third-party custodians.
- The capability would be offered to clients worldwide, subject to local regulatory requirements.
- Borrowers could access liquidity without liquidating crypto positions, addressing a longstanding request from large investors and corporations.
- The effort revives a crypto-collateral pilot paused about three years ago and tracks CEO Jamie Dimon’s position of enabling client access while avoiding direct custody.
- The step fits a broader industry shift as major banks expand digital-asset services such as custody, trading, tokenization, and ETF-collateral programs.