Investment banking giant JPMorgan Chase is preparing to offer its clients the ability to borrow against their Bitcoin and Ether holdings, marking a significant step in Wall Street’s incorporation of digital assets. According to a Bloomberg report citing sources familiar with the initiative, JPMorgan’s global clientele will soon be able to use Bitcoin and Ether as collateral for loans. These cryptocurrency holdings will be secured through a third-party custodian, enhancing institutional investor access and utility. This move, if confirmed, mirrors the momentum seen after the approval of the first US spot Bitcoin ETF in early 2024, potentially making Bitcoin and Ether more appealing for institutional portfolios. While JPMorgan has been exploring cryptocurrency-backed loans since mid-2023, insiders note that full adoption of Bitcoin and Ether as collateral may take until 2026. JPMorgan has also shown interest in the stablecoin sector to deepen its understanding of emerging digital assets. The bank’s early ventures into crypto include launching its own stablecoin, JPM Coin, in 2020 and acquiring shares in multiple spot Bitcoin ETFs this year. This transition highlights JPMorgan’s evolving stance on digital assets, moving from past skepticism to active participation in the blockchain ecosystem.