'Pet Rock' No More: JPMorgan To Accept Bitcoin, Ethereum As Collateral

JPMorgan Chase & Co. (NYSE:JPM) will allow institutional clients to use Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) as collateral for loans, marking a major shift in how Wall Street's largest bank integrates digital assets into its core lending operations, according to Bloomberg.JPMorgan Expands Crypto Collateral ProgramThe program, set to launch by year-end, will let clients pledge Bitcoin and Ethereum for secured loans. A third-party custodian will safeguard the pledged tokens to ensure risk complian ...