JPMorgan (JPM) Chase intends to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year, Bloomberg’s Emily Nicolle reports. 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 author noted.
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