JPMorgan Chase is reportedly preparing to offer loans backed by client-held digital assets, including Bitcoin and Ethereum. The move marks a direct engagement with crypto collateralization by a global systemically important bank for the first time. CEO Jamie Dimon, once a vocal critic of Bitcoin, has since adopted a more pragmatic stance.

JPMorgan Chase is reportedly preparing to offer loans backed by client-held digital assets, including Bitcoin and Ethereum. The move marks a direct engagement with crypto collateralization by a global systemically important bank for the first time. CEO Jamie Dimon, once a vocal critic of Bitcoin, has since adopted a more pragmatic stance.

Source: https://cryptoslate.com/genius-act-makes-immediate-impact-as-jp-morgan-looks-to-allow-crypto-as-collateral-for-lending/