Real Estate Lender Trimont Utilizes JPMorgan’s Blockchain for Streamlining Loan Payment Processes

Trimont LLC, a commercial real estate loan servicer overseeing approximately $730 billion in assets, has commenced utilizing JPMorgan’s blockchain platform to enhance and automate the processing of loan payments.

Key Takeaways:

• Trimont is leveraging JPMorgan’s Kinexys blockchain to streamline and expedite the processing of $730 billion in loan payments.
• The system reduces settlement durations from two days to mere minutes by automatically identifying and directing payments.
• Kinexys illustrates a growing transition towards programmable, around-the-clock blockchain-based financial systems.

The Atlanta-based company first engaged with JPMorgan’s Kinexys Digital Payments network in August and intends to broaden its application over the coming year, as stated by CEO Bill Sexton to Bloomberg.

Kinexys Reduces Loan Payment Processing Time from Days to Minutes

The Kinexys platform optimizes payment workflows by recognizing incoming payments, confirming amounts, and allocating funds to lenders, processes that previously required up to two days and can now be finalized in minutes.

“There is considerable financial advantage for our clients to receive payments two days sooner,” Sexton remarked.

This collaboration underscores a rising trend among businesses investigating blockchain as a quicker, more efficient substitute for conventional banking systems.

Although banks have experimented with blockchain applications for several years, widespread adoption has been gradual, and most initiatives remain limited in scope.

JPMorgan’s Kinexys, which was introduced in 2019, currently handles around $3 billion in transactions each day, a small fraction compared to the bank’s $10 trillion daily volume.

Nonetheless, interest is increasing, particularly as new regulations regarding digital assets and stablecoins come into play. Companies are increasingly attracted to the concept of 24/7 programmable payments that can circumvent the limitations of traditional banking hours.

The Kinexys network began facilitating programmable payments in 2023, enabling companies to automate cash transfers based on predetermined conditions.

“It’s the capability to integrate software into money and make money intelligent,” stated Naveen Mallela, global co-head of Kinexys.

The true value of blockchain, Mallela emphasized, lies in enabling money to function more like data—swift, adaptable, and smart.

Trimont’s embrace of this technology may indicate a wider shift within commercial finance towards digital payment systems that align with the speed of contemporary business.

As blockchain continues to evolve beyond the crypto headlines, practical applications like Trimont’s may provide insight into how financial infrastructures will transform in the coming decade.

Payments Companies Venture into Crypto

In May, the crypto payments platform Mesh introduced its integration with Apple Pay, allowing merchants associated with Mesh to accept crypto payments through Apple Pay.

Mesh’s collaboration with Apple Pay occurred as payment companies persist in expanding into digital assets.

In April, global payments leader Stripe announced it is creating a U.S. dollar-backed stablecoin targeted at businesses operating outside the United States, United Kingdom, and Europe.

This announcement followed Stripe’s regulatory approval to acquire Bridge, a stablecoin payments network intended to compete with traditional banking systems and SWIFT-based transfers.

Earlier this year, Jack Dorsey, former CEO of Twitter and a prominent Bitcoin supporter, publicly encouraged Signal Messenger to incorporate Bitcoin for peer-to-peer (P2P) payments.

Dorsey’s appeal was echoed by David Marcus, former president of PayPal and current CEO of Lightspark, who asserted that “all non-transactional apps should connect to Bitcoin.”

These remarks reflect a growing sentiment among Bitcoin proponents to reposition BTC not merely as a store of value, but as a functional payment instrument.

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