JPMorgan Chase & Co. plans to allow institutional clients to use their holdings of Bitcoin and Ether as collateral for loans by the end of the year in a significant deepening of Wall Street’s crypto integration. The program, offered globally, will rely on a third-party custodian to safeguard the pledged tokens, according to people familiar with the matter. It builds on JPMorgan’s earlier move to accept crypto-linked ETFs as collateral.The expansion underscores how quickly crypto is being pulled into the financial system’s core plumbing.
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21 sats \ 2 replies \ @BlokchainB 17h
Expect rates for bitcoin backed loans to fall. It’s the best collateral ever invented!
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73 sats \ 1 reply \ @freetx OP 17h
Agree. In theory fully collateralized loans using HIGHLY liquid assets that are native digital should in theory be at (or possibly even below) federal funds rate.
I can't get over the fact that its fully collateralized, the risk to the lender is very very small.
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21 sats \ 0 replies \ @BlokchainB 16h
Extremely small but bitcoin is still a baby. Unproven thus it will take time for the market to realize this. Most of the wealth of the world is controlled by people who were born way before the internet became synonymous with living now we are expecting them to understand bitcoin AND put all of their wealth in it? It’s highly unlikely
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0 sats \ 0 replies \ @035736735e 7h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.