JPMorgan Opens the Gates to Crypto Collateral In a landmark move JPMorgan will now allow institutional clients to use Ethereum as collateral for loans – signaling the biggest step yet from traditional banking into the digital asset era. The crypto will be held by third-party custodian meaning JPMorgan avoids direct custody while still unlocking trillions in potential on-chain collateral markets.
This marks a major reversal from Jamie Dimon’s long-time skepticism toward crypto and shows how Wall Street can no longer ignore Ethereum’s growing financial influence.
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