JPMorgan to let institutional clients pledge BTC and ETH as loan collateral by year-end: Bloomberg
Quick Take JPMorgan reportedly plans to allow institutional clients to use bitcoin and ether as collateral for loans by the end of 2025. The shift brings crypto closer into bank lending plumbing and follows wider Wall Street moves to expand digital asset services to clients.
JPMorgan Chase plans to permit institutional clients to use bitcoin and ether holdings as collateral for loans by the end of the year, as Wall Street pushes deeper into cryptocurrencies.
The program will be offered globally and will rely on a third-party custodian to safeguard the pledged assets, Bloomberg reported on Friday, citing people familiar with the matter.
Previously, the bank had already taken steps to integrate crypto into its core lending operations. Earlier this year, JPMorgan began accepting crypto-linked ETFs as collateral, with the new program letting clients pledge the cryptocurrencies themselves rather than ETF shares. The change could make liquidity against long-held crypto positions easier to access for institutions that prefer not to sell.
For JPMorgan, the move is both symbolic and functional. The bank whose CEO, Jamie Dimon, once dismissed BTC as a money-laundering tool and "worse than tulip bulbs," has steadily pivoted as client demand and regulatory clarity have increased.
Dimon has softened his public posture in recent months — saying he will "defend your right to buy bitcoin" even as he voiced reservations — while the bank has quietly broadened crypto services for trading and financing clients.
Other major financial firms have also been accelerating similar offerings, and regulators' evolving stance has helped clear a path. Morgan Stanley , State Street, BNY Mellon , and Fidelity have recently expanded their crypto custody, trading, or product lines.
Meanwhile, legislative moves in the U.S., including work on a crypto markets structure bill, and abroad have reduced some compliance friction for banks weighing crypto exposure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
OracleX Global Public Beta: Restructuring Prediction Market Incentive Mechanisms with "Proof of Behavior Contribution"
OracleX is a decentralized prediction platform based on the POC protocol. It addresses pain points in the prediction market through a dual-token model and a contribution reward mechanism, aiming to build a collective intelligence decision-making ecosystem. Summary generated by Mars AI The content of this summary is produced by the Mars AI model, and its accuracy and completeness are still being iteratively improved.

Bitcoin is not "digital gold"—it is the global base currency of the AI era
The article refutes the argument that bitcoin will be replaced, highlighting bitcoin's unique value as a protocol layer, including its network effects, immutability, and potential as a global settlement layer. It also explores new opportunities for bitcoin in the AI era. Summary generated by Mars AI. This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.

Bitcoin 2022 bear market correlation hits 98% as ETFs add $220M

Fed rate-cut bets surge: Can Bitcoin finally break $91K to go higher?

