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US 11,308,559 B1Granted
Blockchain instrument for transferable equity
AssigneeEquity Shift, Inc.
InventorsThomas Marshall Gordon, III, Joseph W. Forbes, Jr., Gregory Frederick Bush
Life of this patent
Estimating the term…
Abstract
Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.
Claims30
A system for performing transactions of tokenized securities during a tokenized securities offering, comprising:
- at least one user device and a server computer for a tokenized securities offering entity in network communication with a securities token platform;
- wherein the server computer is configured to create the tokenized securities and deploy tokenized securities contracts for the tokenized securities on the securities token platform;
- wherein the securities token platform is configured to record the tokenized securities contracts for the transactions of the tokenized securities on an immutable ledger;
- wherein the tokenized securities contracts comprise at least one proxy contract configured for contract ownership transfer from a first unique identifier to a second unique identifier based on at least one term of the at least one proxy contract being met or upon completion of the at least one proxy contract;
- wherein a first party represents a second party for participating on the securities token platform via the at least one proxy contract;
- wherein the tokenized securities contracts comprise at least one escrow contract, wherein the at least one escrow contract is configured to encrypt information related to an owner of the at least one escrow contract using a first unique identifier associated with the owner such that only the owner of the at least one escrow contract is able to view the encrypted information;
- wherein the securities token platform is configured to receive a predetermined amount of currency in the at least one escrow account from a uniquely identified account associated with the at least one user device, and transfer at least one securities token to the uniquely identified account;
- and
- wherein upon a change of ownership of the at least one proxy contract associated with the at least one escrow contract, the encrypted information is decrypted and re-encrypted using a second unique identifier associated with a new owner such that the encrypted information is only visible to the new owner.
6 more elements
A method for performing transactions of tokenized securities during a tokenized securities offering, comprising:
- providing at least one user device and a server computer for a tokenized securities offering entity in network communication with a securities token platform;
- the server computer deploying tokenized securities contracts on the securities token platform;
- the securities token platform recording the tokenized securities contracts for the transactions of the tokenized securities on an immutable ledger;
- wherein the tokenized securities contracts comprise at least one proxy contract configured for contract ownership transfer from a first unique identifier to a second unique identifier based on at least one term of the at least one proxy contract being met or upon completion of the at least one proxy contract;
- a first party representing a second party for participating on the securities token platform via the at least one proxy contract;
- wherein the tokenized securities contracts include at least one escrow contract, wherein the at least one escrow contract is configured to encrypt information related to an owner of the at least one escrow contract using a first unique identifier associated with the owner such that only the owner of the at least one escrow contract can view the encrypted information;
- the server computer sending a link to documents related to at least one securities token to the at least one user device;
- the securities token platform generating a hash value for the documents based on whether the documents are viewed and/or signed;
- and
- the securities token platform facilitating a transaction of the at least one securities token by receiving a predetermined amount of currency in the at least one escrow account from a uniquely identified account associated with the at least one user device, and transfer the at least one securities token to the uniquely identified account;
- wherein upon a change of ownership of the at least one proxy contract associated with the at least one escrow contract, the encrypted information is decrypted and re-encrypted using a second unique identifier associated with a new owner such that the encrypted information is only visible to the new owner.
8 more elements
A method for performing transactions of tokenized securities during a tokenized securities offering, comprising:
- providing at least one user device and a server computer for a tokenized securities offering entity in network communication with a securities token platform;
- the server computer deploying tokenized securities contracts on the securities token platform;
- the securities token platform recording the tokenized securities contracts for the transactions of the tokenized securities on an immutable ledger;
- wherein the tokenized securities contracts include at least one proxy contract configured for contract ownership transfer from a first unique identifier to a second unique identifier based on at least one term of the at least one proxy contract being met or upon completion of the at least one proxy contract;
- wherein the tokenized securities contracts include at least one escrow contract, wherein the at least one escrow contract is configured to encrypt information related to an owner of the at least one escrow contract using a first unique identifier of the owner such that only the owner of the at least one escrow contract can view the encrypted information;
- a first party representing a second party for participating on the securities token platform via the at least one proxy contract;
- and
- the securities token platform facilitating a transaction of at least one securities token by receiving a predetermined amount of currency in the at least one escrow account from a uniquely identified account associated with the at least one user device, and transferring the at least one securities token to the uniquely identified account;
- wherein upon a change of ownership of the at least one proxy contract associated with the at least one escrow contract, the encrypted information is decrypted and re-encrypted using a second unique identifier associated with a new owner such that the encrypted information is only visible to the new owner.
6 more elements
A method for performing transactions of tokenized securities during a tokenized securities offering, comprising:
- providing at least one user device and a server computer for a tokenized securities offering entity in network communication with a securities token platform;
- the server computer deploying tokenized securities contracts on the securities token platform;
- the securities token platform recording the tokenized securities contracts for the transactions of the tokenized securities on an immutable ledger;
- wherein the tokenized securities contracts include at least one proxy contract configured for contract ownership transfer from a first unique identifier to a second unique identifier based on at least one term of the at least one proxy contract being met or upon completion of the at least one proxy contract;
- a first party representing a second party for participating on the securities token platform via the at least one proxy contract;
- wherein the tokenized securities contracts include at least one escrow contract, wherein the at least one escrow contract is configured to encrypt information related to an owner of the at least one escrow contract using a first unique identifier of the owner such that only the owner of the at least one escrow contract can view the encrypted information;
- the server computer sending at least one link to documents related to at least one securities token to the at least one user device upon verification;
- the at least one user device reviewing and signing the documents related to the at least one securities token;
- and
- the securities token platform facilitating a transaction of the at least one securities token by receiving a predetermined amount of currency in the at least one escrow account from a uniquely identified account associated with the at least one user device, and transfer the at least one securities token to the uniquely identified account;
- wherein upon a change of ownership of the at least one proxy contract associated with the at least one escrow contract, the encrypted information is decrypted and re-encrypted using a second unique identifier associated with a new owner such that the encrypted information is only visible to the new owner.
8 more elements
Dependencies are inferred from the claim text.