🚨NEWS IN: JP MORGAN PLANS TO ALLOW INSTITUTIONAL CLIENTS USE BTC & ETH AS COLLATERAL 🔥🔥🔥
On October 24th: According to Bloomberg report, JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of $BTC and $ETH 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.
NOT financial advice, DYOR.
Source: Bloomberg