{"id":48435,"date":"2025-10-24T08:46:48","date_gmt":"2025-10-24T13:46:48","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48435"},"modified":"2025-10-24T08:47:16","modified_gmt":"2025-10-24T13:47:16","slug":"jpmorgan-to-accept-btc-as-collateral","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/jpmorgan-to-accept-btc-as-collateral","title":{"rendered":"JPMorgan to Accept Bitcoin as Loan Collateral by Year-End"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>JPMorgan Chase plans to let institutional clients use Bitcoin (BTC) and Ethereum (ETH) as collateral for loans by the end of 2025, according to a <em>Bloomberg<\/em> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-24\/jpmorgan-to-allow-bitcoin-ether-as-collateral-in-crypto-push\" data-type=\"link\" data-id=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-24\/jpmorgan-to-allow-bitcoin-ether-as-collateral-in-crypto-push\" target=\"_blank\" rel=\"noopener\">report<\/a>.\u00a0<\/p>\n\n\n\n<p>The new program, expected to roll out globally, will rely on a third-party custodian to safeguard pledged assets. The bank already <a href=\"https:\/\/bitcoinmagazine.com\/business\/jpmorgan-confirms-clients-will-trade-bitcoin-and-crypto\">allows crypto-linked<\/a> exchange-traded funds (ETFs) as <a href=\"https:\/\/bitcoinmagazine.com\/news\/jpmorgan-to-offer-clients-financing-against-bitcoin-crypto-etfs\">collateral<\/a>, but this expansion would enable clients to borrow against their direct crypto holdings.<\/p>\n\n\n\n<p>The shift could make it easier for institutions to access liquidity without selling long-term digital asset positions \u2014 a use case that has gained traction among hedge funds and family offices.<\/p>\n\n\n\n<p>The development represents a broader acceptance of digital assets across the financial sector.&nbsp; Other major banks, including <a href=\"https:\/\/bitcoinmagazine.com\/business\/morgan-stanley-advises-btc-allocation\">Morgan Stanley<\/a>, BNY Mellon, State Street, and Fidelity, have been expanding crypto custody and trading services amid increasing regulatory clarity in the U.S. and abroad.<\/p>\n\n\n\n<p>JPMorgan first began exploring lending against Bitcoin in 2022 but the project was delayed, according to <em>Bloomberg.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jamie Dimon\u2019s changing tone on crypto<\/h2>\n\n\n\n<p>JPMorgan CEO Jamie Dimon has long been one of crypto\u2019s most vocal skeptics, previously calling Bitcoin a \u201cfraud\u201d and a \u201cpet rock.\u201d In 2023, he said he was \u201cdeeply opposed\u201d to Bitcoin and claimed it was used mainly for illicit activity.<\/p>\n\n\n\n<p>However, his tone has recently softened. \u201cI don\u2019t think we should smoke, but I defend your right to smoke,\u201d Dimon said earlier this year. \u201cI defend your right to buy Bitcoin, go at it.\u201d<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">In 2023, JPMorgan CEO Jamie Dimon said he was &quot;deeply opposed&quot; to Bitcoin and that it was for criminals.<br><br>Today, JPMorgan plans to allow institutional clients to use Bitcoin as collateral. <a href=\"https:\/\/t.co\/WMPg8qy9UW\">pic.twitter.com\/WMPg8qy9UW<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1981677245988270273?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 24, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Despite Dimon\u2019s reservations, JPMorgan has steadily increased its crypto exposure. The bank has launched the <a href=\"https:\/\/bitcoinmagazine.com\/business\/citi-to-launch-crypto-custody-service-in-2026-as-wall-street-deepens-bitcoin-push\">J.P. Morgan Deposit Token<\/a> (JPMD) \u2014 a blockchain-based alternative to stablecoins \u2014 and expanded its Kinexys blockchain network, which now processes more than $2 billion in daily transactions across carbon markets, supply chain finance, and cross-border payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bitcoin and Ethereum prices rise<\/h2>\n\n\n\n<p>Following the news, Bitcoin rose in the past 24 hours to trade above $111,000, while Ethereum gained 2% to hover just below $4,000, according to Bitcoin Magazine Pro data.<\/p>\n\n\n\n<p>Back in July, JPMorganChase and Coinbase <a href=\"https:\/\/bitcoinmagazine.com\/news\/jpmorgan-and-coinbase-announce-partnership-to-accelerate-crypto-adoption\">announced<\/a> a strategic partnership to make Bitcoin and crypto access easier for their customers.&nbsp;<\/p>\n\n\n\n<p>The deal included a direct bank-to-wallet connection, the ability to redeem Chase Ultimate Rewards points for crypto, and credit card funding for Coinbase accounts. Both the bank-to-wallet and rewards features were set to launch in 2026.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase is about to let its clients use Bitcoin as collateral for loans.<\/p>\n","protected":false},"author":3817,"featured_media":48437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[76,5983,1499,2233,673],"class_list":{"0":"post-48435","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin","9":"tag-chase","10":"tag-collateral","11":"tag-jp-morgan","12":"tag-jpmorgan"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/10\/JPMorgan-to-Accept-Bitcoin-as-Loan-Collateral.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48435"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48437"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}