United States-based finance corporation and asset management firm JPMorgan is taking a major leap towards integrating cryptocurrencies into its ecosystem. The largest U.S. bank has announced that it will begin accepting select cryptocurrency assets as loan collateral for its trading and wealth management clients.
JPMorgan will start with BlackRock’s iShares Bitcoin Trust and potentially expand to other spot Bitcoin ETFs. The bank will also include crypto holdings in clients’ liquid asset calculations when assessing net worth. This move reflects the growing institutional adoption of digital assets. It also aligns with President Donald Trump’s supportive stance on cryptocurrency.