08:57 AM EDT, 10/24/2025 (MT Newswires) -- (Updates with JPMorgan's ( JPM ) response in the third paragraph.)

JPMorgan Chase ( JPM ) intends to allow institutional clients to use their bitcoin (BTC-USD) and ether (ETH-USD) holdings as collateral for loans by the end of 2025, Bloomberg News reported Friday, citing people familiar with the matter.

The program will be offered globally. It will depend on a third-party custodian for the safeguarding of the pledged tokens, the unnamed sources told the news outlet.

JPMorgan ( JPM ) declined to comment when contacted by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)