Bloomberg: JPMorgan to Allow Bitcoin and Ethereum as Collateral for Loans

JPMorgan Chase will allow institutional clients to use their Bitcoin and Ethereum holdings as collateral for loans, Bloomberg reported, citing sources familiar with the ￰0￱ program is expected to roll out by the end of 2025 and will operate ￰1￱ pledged digital assets will be stored with a third-party custodian, whose name has not yet been ￰2￱ already accepts cryptocurrency ETFs as collateral, and industry observers say this move is a natural evolution of the bank’s digital-asset ￰3￱ institution has not issued an official comment on the upcoming launch. A Symbolic Shift on Wall Street The step is being described as both symbolic and practical for ￰4￱ Jamie Dimon, once a vocal Bitcoin critic who dismissed it as a “PR scam” increasingly acknowledges the asset class as something institutional clients now ￰5￱ Stanley is preparing to offer cryptocurrency access to E*Trade users, while Fidelity, State Street, and BNY Mellon have already launched digital-asset custody services for institutional ￰6￱ say the trend reflects a shift from skepticism to structured adoption across global ￰7￱ Other Major Banks Are Implementing Crypto Strategies While JPMorgan moves into crypto-backed lending, other global institutions are expanding in parallel ￰8￱ Sachs has restarted its crypto trading desk and is exploring tokenization initiatives for institutional ￰9￱ Bank is developing regulated custody services for digital assets in Europe, aiming to support both private funds and corporations.

Meanwhile, HSBC and UBS are focusing on blockchain-based settlement solutions rather than direct crypto exposure, signaling that every bank is choosing its own lane — but all are moving in the same overall direction. Together, these efforts show that crypto is no longer an experiment on the sidelines. Instead, it is becoming a competitive requirement for major banks, especially as institutional clients demand secure, regulated ways to interact with digital assets.