đš WALL STREET ADOPTION ALERT đš
JPMorgan Chase & Co. ($JPM) is preparing a MAJOR move into crypto! đ„
According to Bloomberg, the banking giant is reportedly gearing up to accept Bitcoin ($BTC) and Ethereum ($ETH) as collateral for institutional loans! đ
What This Means:
This initiative marks a massive step in Wall Street's integration of digital assets, signaling a critical shift in how traditional finance leverages crypto in its core lending strategies. đ„
Key Details:
Launch Target: Expected by the end of 2025.
Mechanism: Institutional clients can pledge $BTC and for secured loans.
Security: A third-party custodian will oversee the safekeeping of the pledged tokens for compliance and risk management.
This is a powerful signal of TradFi embracing Blockchain technology and digital assets! Watch this space closely! đđ°$BTC
