A fundamental shift is imminent in crypto news as JPMorgan Chase is reported to be leading the way to make Bitcoin (BTC) and Ethereum (ETH) act as collateral for institutional loans.
This is one of the largest steps taken so far by a major U.S. bank towards integrating digital assets into conventional credit markets.
The decision is poised to redefine financial institutions’ interpretation of digital currencies, possibly paving the way for a broader tide of integration into mainstream banking. For investors, the action could be the tipping point that validates Bitcoin as a proper store of value regardless of speculation.
The trend also aligns with increased interest in payment-focused blockchain projects like Remittix (RTX), poised to bridge the gap between crypto assets and real finance.
Bitcoin (BTC) Market Overview
Bitcoin is presently selling at $110,086.63 after a significant gain of about 0.41% in the last 24 hours, with a market capitalization of $2.2 trillion.
Experts note that although the price of BTC stabilized, institutional interest is gaining traction. If JPMorgan’s crypto-backed lending facility rolls out as planned sometime before year-end, it will unlock billions of tied-up capital for institutional investors holding BTC and ETH.
How JPMorgan’s Crypto Collateral Program Would Work
The pilot program would allow institutions to use Bitcoin or Ethereum as collateral to take out traditional loans, preliminary reports indicate. The digital assets would be held in reserve under secure custody agreements, likely through JPMorgan’s blockchain platform, Onyx, to ensure compliance and lower counterparty risk.
If it succeeds, this model could substantially boost institutional presence in crypto markets. Companies, institutions, and even wealthy individuals might be able to access credit exposure without having to liquidate their position something long demanded by investors in digital assets.
Beyond JPMorgan, other Wall Street giants such as Goldman Sachs and BlackRock have experimented with similar models but have yet to introduce a full product on this scale. This places JPMorgan in the position to be the first major U.S. bank to integrate crypto collateral into the corporate level of mainstream lending.
Remittix: Evading Crypto’s Hurdle to Financial Utility in the Real World
While JPMorgan’s embracing of Bitcoin is an indication of a maturing crypto finance, Remittix is solving yet another issue: global payments. The project, which is currently priced at $0.1166 per token, has already raised more than $27.7 million and offloaded more than 681 million tokens, a major milestone in the adoption of blockchain in the real world.
Remittix recently completed full CertiK verification, ranked #1 among Pre-Launch Tokens on CertiK Skynet, which reflects its legitimacy and openness. Its beta wallet is live, allowing for instant crypto-to-bank transfers in just a few seconds.
It has also achieved CEX listings with BitMart and LBank, with a third listing in the works as it moves towards the $30 million fundraising goal.
Remittix’s focus on bridging DeFi and traditional finance is an extension of the same innovation now coming to fruition with JPMorgan’s collateral program. Both initiatives are headed towards a common goal making crypto an efficient contributor to the world’s financial system.
A Defining Moment For Crypto Finance
The ability to use Bitcoin and Ethereum as collateral for loans at one of the world’s biggest banks is a watershed moment for the space of digital assets. It closes the gap of credibility between financial institutions and crypto, showing that assets derived on blockchain can have practical, regulated applications.
As institutions begin to awaken to crypto’s evolving role, attention also turns to emerging projects such as Remittix, which are building parallel infrastructure for everyday payments and transfers.
