JPMorgan Pilots Crypto-Collateral Loans and Sees Strait Reopen by June 1
JPMorgan has partnered with Figure to pilot loans secured by crypto collateral on Figure’s Provenance blockchain, aiming to extend digital lending to mainstream users. Its commodities research team forecasts the Strait of Hormuz will reopen by June 1, and XRP-focused ETFs registered their largest weekly inflows since January.
1. Crypto-Collateral Pilot with Figure
JPMorgan’s digital assets division has teamed with Figure to launch a pilot allowing clients to use cryptocurrencies as collateral for loans, leveraging Figure’s Provenance blockchain for real-time settlement, risk monitoring and expanded access to digital credit products.
2. Strait of Hormuz Reopening Forecast by June 1
JPMorgan’s commodities analysts project that recent diplomatic progress and de-escalation measures will clear the way for tanker traffic through the Strait of Hormuz by June 1, potentially restoring more than 20% of global crude shipment capacity that has faced delays or rerouting.
3. Record XRP ETF Inflows
JPMorgan research highlights that XRP-based ETFs experienced their largest weekly net inflows since January, signaling renewed institutional appetite for Ripple-linked products and contributing to broader digital asset fund performance gains.