Bitcoin News Update: Dimon Changes Course as JPMorgan Supports Crypto Lending in Response to Market Changes

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Bitcoin News Update: Dimon Changes Course as JPMorgan Supports Crypto Lending in Response to Market Changes

Bitget-RWA2025/10/24 10:14

By:Bitget-RWA

- JPMorgan Chase will let institutional clients use Bitcoin and Ethereum as loan collateral by year-end, via third-party custodians. - The move follows broader crypto adoption by banks like Morgan Stanley and Fidelity amid Bitcoin's price surge and relaxed regulations. - CEO Jamie Dimon's softened stance reflects growing client demand and evolving global crypto frameworks in EU, Singapore, and UAE. - Third-party custody mitigates security risks while regulatory uncertainty and volatility remain key challen

JPMorgan Chase & Co. (JPM) is preparing to transform its lending operations by enabling institutional customers to use

Bitcoin

(BTC-USD) and

Ethereum

(ETH-USD) as collateral for loans before the end of the year, as reported by

a Seeking Alpha report

. The initiative, which will utilize a third-party custodian to secure the digital assets pledged, represents a major advancement in bringing cryptocurrencies into the core of traditional finance, according to

a CryptoBriefing article

. This step follows JPMorgan’s previous acceptance of crypto-based ETFs as collateral, including BlackRock’s iShares Bitcoin Trust.

This development highlights a growing movement among established financial institutions to adopt digital assets, fueled by more favorable regulations and a surge in Bitcoin’s value. With Bitcoin hitting a record high of $126,251 earlier this month and the Trump administration easing crypto regulations, leading banks are moving more quickly into the sector, according to

a Bloomberg report

. For example, Morgan Stanley (MS) intends to provide retail investors with access to leading cryptocurrencies through its ETrade platform by mid-2026, while State Street, BNY Mellon, and Fidelity are broadening their crypto custody offerings.

Bitcoin News Update: Dimon Changes Course as JPMorgan Supports Crypto Lending in Response to Market Changes image 0

This move by JPMorgan also marks a notable change for a bank that has historically been wary of cryptocurrencies. CEO Jamie Dimon, who once referred to Bitcoin as a "pet rock," has softened his position, saying in May that he "supports your right to purchase Bitcoin" even though he remains personally cautious, as reported by

The Business Times

. The bank’s new direction reflects increasing client interest in crypto services and the evolution of regulatory frameworks worldwide, including those in the European Union, Singapore, and the United Arab Emirates.

By employing a third-party custodian, the program addresses security issues, since

JPMorgan

will not have direct control over the crypto assets, as highlighted by CryptoBriefing. This structure is similar to established financial practices, where assets such as equities and precious metals are often managed by external custodians. The global expansion of this program demonstrates JPMorgan’s intent to lead in the integration of digital assets, despite ongoing challenges like price swings and regulatory ambiguity, according to the Business Times.

Industry experts suggest that JPMorgan’s strategy could encourage broader adoption, especially as BlackRock and other companies gain the ability to convert client-held Bitcoin into ETFs, according to analysts at Seeking Alpha. Nevertheless, significant hurdles remain, including the necessity for comprehensive risk management systems and the possibility of regulatory changes with future government administrations, Bloomberg analysts caution.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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