- Trimont became the first U.S. commercial real estate debt servicer to process a loan transaction on Kinexys by J.P. Morgan, aiming to move its $700B+ private credit platform fully to blockchain by 2029.
- Smart contracts will automate loan payments, eliminating human approval steps and enabling near-instant settlements across time zones and banking systems.
- The move reflects a broader trend of institutional blockchain adoption, with J.P. Morgan expanding Kinexys globally and piloting new on-chain products like its Ethereum-based deposit token (JPMD).
Faster, Smarter Payments
Trimont Chief Technology Officer Jeff Bolte says clients want one thing above all: faster access to cash. By embedding deal terms directly into blockchain-based contracts, loan payments can be distributed instantly and accurately, without an account manager’s approval, as reported by Bisnow.
The company is starting with monthly debt service payments but expects to expand into larger transactions such as payoff quotes, which Bolte called the “Holy Grail” of loan servicing.
From Manual To Automated
Today, most CRE loan payments still pass through multiple layers of human verification. Blockchain flips the model: once a contract is set up, it self-executes. That means fewer clerical steps but also a shift in workforce responsibilities—toward coding, monitoring, and risk management of digital contracts.
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Scaling After A Major Acquisition
Trimont’s blockchain adoption follows its acquisition of Wells Fargo’s nonagency mortgage servicing unit in March, a deal that more than doubled its staff and pushed its portfolio above $700B. The added scale makes automation even more critical to maintaining efficiency.
J.P. Morgan’s Growing Ecosystem
Since launching its blockchain division in 2015, J.P. Morgan says Kinexys has processed more than $2T in transactions, with daily trading volume now exceeding $3B. Banks across the UAE, Qatar, Bahrain, and Saudi Arabia have adopted the platform for cross-border payments.
Looking ahead, J.P. Morgan is testing JPMD, a blockchain-based deposit token pegged to bank deposits, with potential applications beyond payments into tokenized assets like Treasury bonds.
Why It Matters
Trimont’s blockchain shift could reshape how debt servicing operates in CRE, setting a precedent for other servicers. With automation, transparency, and speed as selling points, blockchain may become the new standard for handling the massive private credit market.
