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US 11,443,379 B1Granted
Blockchain instrument for transferable equity
AssigneeEquity Shift, Inc.
InventorsThomas Marshall Gordon, III, 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.
Claims20
A system for performing transactions of tokenized securities, comprising:
- an immutable ledger-based platform;
- a server computer for a tokenized securities offering entity;
- and
- at least one user device;
- wherein the immutable ledger-based platform is in network communication with the server computer for the tokenized securities offering entity and the at least one user device;
- wherein the immutable ledger-based platform facilitates a remote transaction of tokenized securities between at least one buyer and at least one seller;
- wherein the immutable ledger-based platform deploys tokenized securities contracts for the tokenized securities for the tokenized securities offering entity;
- wherein the tokenized securities contracts are smart contracts including at least one bundle of rights, wherein the at least one bundle of rights designates dynamic rights of shareholders and/or dynamic rights of an issuer of the tokenized securities;
- wherein each of the at least one bundle of rights designates at least one rights participant, at least one triggering participant, at least one triggering event, an acquiring method, a time to execute, and/or at least one participation limitation;
- wherein the server computer for the tokenized securities offering entity receives user input data from the at least one user device for registering to purchase at least one securities token;
- wherein the immutable ledger-based platform initiates at least one activity request to the at least one rights participant, wherein the at least one activity request is completed upon a designated action made by the at least one rights participant or inaction by the at least one rights participant for the time to execute;
- wherein the immutable ledger-based platform automatically initiates at least one second activity request upon completion of the at least one activity request in real time, wherein the at least one second activity request corresponds to a second bundle of rights;
- and
- wherein upon completion of all activity requests associated with each bundle of rights associated with all of the at least one securities token, the tokenized securities contracts associated with the at least one securities token are executed and the transaction is recorded on an immutable distributed ledger.
11 more elements
A system for performing transactions of tokenized securities, comprising:
- an immutable ledger-based platform;
- a server computer for a tokenized securities offering entity;
- and
- at least one user device;
- wherein the immutable ledger-based platform is in network communication with the server computer for the tokenized securities offering entity and the at least one user device;
- wherein the immutable ledger-based platform facilitates a remote transaction of tokenized securities between at least one buyer and at least one seller;
- wherein the immutable ledger-based platform deploys tokenized securities contracts for the tokenized securities for the tokenized securities offering entity;
- wherein the tokenized securities contracts are smart contracts including at least one bundle of rights, wherein the at least one bundle of rights designates dynamic rights of shareholders and/or dynamic rights of an issuer of the tokenized securities;
- wherein each of the at least one bundle of rights designates at least one rights participant, at least one triggering participant, at least one triggering event, an acquiring method, a time to execute, and at least one participation limitation;
- wherein the server computer for the tokenized securities offering entity receives user input data from the at least one user device for registering to purchase at least one securities token;
- wherein the immutable ledger-based platform initiates at least one activity request to the at least one rights participant, wherein the at least one activity request is completed upon a designated action made by the at least one rights participant or inaction by the at least one rights participant for the time to execute;
- wherein the at least one activity request includes a document requirement, wherein the document requirement includes a requirement that a document is opened, read, and/or signed by the at least one user device or read by the at least one user device before the at least one activity request is completed;
- and
- wherein upon completion of all activity requests associated with each bundle of rights associated with all of the at least one securities token, the tokenized securities contracts associated with the at least one securities token are executed and the transaction is recorded on an immutable distributed ledger.
11 more elements
A system for performing transactions of tokenized securities, comprising:
- an immutable ledger-based platform;
- a server computer for a tokenized securities offering entity;
- and
- at least one user device;
- wherein the immutable ledger-based platform is in network communication with the server computer for the tokenized securities offering entity and the at least one user device;
- wherein the immutable ledger-based platform facilitates a remote transaction of tokenized securities between at least one buyer and at least one seller;
- wherein the immutable ledger-based platform deploys tokenized securities contracts for the tokenized securities for the tokenized securities offering entity;
- wherein the tokenized securities contracts are smart contracts including at least one bundle of rights, wherein the at least one bundle of rights designates dynamic rights of shareholders and/or dynamic rights of an issuer of the tokenized securities;
- wherein each of the at least one bundle of rights designates at least one rights participant, at least one triggering participant, at least one triggering event, an acquiring method, a time to execute, and/or at least one participation limitation;
- wherein the server computer for the tokenized securities offering entity receives user input data from the at least one user device for registering to purchase at least one securities token;
- wherein the immutable ledger-based platform initiates at least one activity request to the at least one rights participant, wherein the at least one activity request is completed upon a designated action made by the at least one rights participant or inaction by the at least one rights participant for the time to execute;
- wherein the immutable ledger-based platform automatically initiates at least one second activity request upon completion of the at least one activity request in real time, wherein the at least one second activity request corresponds to a second bundle of rights;
- and
- wherein the immutable ledger-based platform alerts at least one offline user in real time when participation becomes available for the at least one offline user upon completion of at least one completed activity request.
11 more elements
Dependencies are inferred from the claim text.