JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration.

JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration.

The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter. It builds on JPMorgan’s earlier move to accept crypto-linked ETFs as collateral.

A JPMorgan spokesperson declined to comment.

The expansion underscores how quickly crypto is being pulled into the financial system’s core plumbing. With Bitcoin rallying this year and the Trump administration rolling back regulatory hurdles, major banks are starting to bring digital assets deeper into the lending system.

For JPMorgan, it’s both a symbolic shift and a functional one: the bank whose chief executive, Jamie Dimon, earlier dismissed Bitcoin as a “hyped-up fraud” or a “pet rock” is no longer treating crypto as a fringe bet. Instead, it will be pledged as security for a loan, the same way stocks, bonds, gold and other familiar assets are.

  • Basic Glitch@sh.itjust.worksOP
    401·
    3 days ago

    Oh wow, what a fucking shocker that this would happen a week after Peter Thiel got the green light to open the first U.S. Cryptobank and Dimon has been trying to spread the narrative that the economy is in danger at every fucking opportunity to anyone who will listen to him…

    Anyway, the day Charlie Kirk was murdered Scott Bessent was questioned about why he wouldn’t investigate JP Morgan bank records of transactions between Peter Thiel and Epstein.

    Then Republicans in both the House and Senate blocked an attempt by Democrats to subpoena those records, but nobody even noticed bc everybody was paying attention to the assassination of the “martyr for free speech.”

    Still waiting on those files, but Dimon claims he’ll release them as soon as he’s subpoenaed… So just waiting on the day Republicans agree to subpoena him, or the day that anyone notices that Republicans are literally the only reason why he hasn’t been suponead…

    Oh and apparently Epstein was a Bitcoin investor, and took great interest in many of the same areas that Trump’ Office of Science Technology and Policy (currently lead by Peter Thiel’s former employee and protégé) also happens to be focusing attention…

    2017 article

    Since forming an eponymous foundation in 2000, Epstein has found a role as science philanthropist, sharing his resources to beneficial, unlikely ends. His money has funded research related to quantum computing, genetics, artificial intelligence, and beyond. As a result, the 64-year-old tycoon holds court with A-list names from the academic community, like theoretical physicist Stephen Hawking, cosmologist and author Lawrence Krauss, or MIT’s quantum computing pioneer, Seth Lloyd.