JPMorgan Chase & Co. is reportedly working to allow its institutional clients to use Bitcoin and Ethereum as collateral for loans, marking one of the most direct integrations of crypto assets into Wall Street’s credit systems to date.

The program, expected to launch by the end of 2025, will rely on a third-party custodian to hold the pledged tokens, per a Bloomberg report hours before the Friday opening bell. JPMorgan shares nudged 0.18% in pre-market trading at $294.93.

Under the reported framework, clients could post crypto held by an approved custodian against credit lines or structured loans, allowing banks to manage exposure without directly taking custody of digital assets.

It builds on JPMorgan’s earlier decision in June to accept crypto exchange-traded funds (ETFs) as collateral, extending that policy from derivatives and fund shares to the underlying assets themselves.

Decrypt has reached out to JPMorgan to ask whether the program

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Author: Vince Dioquino