Trimont Picks JPMorgan For Payments Using Blockchain (Correct)

Trimont LLC, a global commercial real estate loan servicing company, is using JPMorgan Chase & Co.’s blockchain platform to help speed up and automate loan payments, as more companies look to crypto’s underlying technology as alternative rails for money movement.

The Atlanta-based company — which manages around $730 billion in loans — used JPMorgan’s Kinexys Digital Payments network for the first time in August and is working with the bank to expand its use over the next year, according to Trimont Chief Executive Officer Bill Sexton.

The system allows Trimont to automatically identify incoming payments, check if the ...