Trimont LLC, a commercial real estate lending services company managing $730 billion, has deployed JPMorgan's Kinexys blockchain platform to accelerate payment processing. The system reduces settlement time from two days to just a few minutes by automatically identifying, verifying, and allocating cash flow. CEO Bill Sexton stated that customers benefit significantly by receiving funds two days earlier.
Launched in 2019, Kinexys currently handles about 3 billion USD in transactions per day, which is small compared to the 10 trillion USD volume of JPMorgan, but marks the trend towards a 24/7 blockchain financial infrastructure that is programmable and optimizes cash flow.
Trimont's move reflects a shift in trade finance towards faster and more flexible digital payments. At the same time, Mesh integrates crypto into Apple Pay, Stripe develops stablecoin, and Jack Dorsey calls for Bitcoin adoption for P2P payments.
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Trimont real estate lending company uses JPMorgan's Blockchain to automate loan payment.
Trimont LLC, a commercial real estate lending services company managing $730 billion, has deployed JPMorgan's Kinexys blockchain platform to accelerate payment processing. The system reduces settlement time from two days to just a few minutes by automatically identifying, verifying, and allocating cash flow. CEO Bill Sexton stated that customers benefit significantly by receiving funds two days earlier.
Launched in 2019, Kinexys currently handles about 3 billion USD in transactions per day, which is small compared to the 10 trillion USD volume of JPMorgan, but marks the trend towards a 24/7 blockchain financial infrastructure that is programmable and optimizes cash flow.
Trimont's move reflects a shift in trade finance towards faster and more flexible digital payments. At the same time, Mesh integrates crypto into Apple Pay, Stripe develops stablecoin, and Jack Dorsey calls for Bitcoin adoption for P2P payments.