# US 11,443,379 B1 · Blockchain instrument for transferable equity > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 11,443,379 B1 - Document ID: US11443379B1 - Status: Granted - Kind: B1 - Application number: 17/727,272 - Filed: 2022-04-22 - Granted: 2022-09-13 - Earliest claimed: 2018-02-14 - Assignees: Equity Shift, Inc. - Applicants: Equity Shift, Inc. - Inventors: Thomas Marshall Gordon, III; Gregory Frederick Bush - Web page: https://patentgrep.com/patent/US11443379B1 ## CPC - G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange - G06Q 20/02: involving a neutral party, e.g. certification authority, notary or trusted third party [TTP] - G06Q 20/065: {using e-cash} - G06Q 20/0658: {e-cash managed locally} - G06Q 20/3678: {e-cash details, e.g. blinded, divisible or detecting double spending} - G06Q 20/389: {Keeping log of transactions for guaranteeing non-repudiation of a transaction} - H04L 9/0637: {Modes of operation, e.g. cipher block chaining [CBC], electronic codebook [ECB] or Galois/counter mode [GCM]} - H04L 9/0643: {Hash functions, e.g. MD5, SHA, HMAC or f9 MAC} - H04L 9/0894: {Escrow, recovery or storing of secret information, e.g. secret key escrow or cryptographic key storage} - H04L 9/12: Transmitting and receiving encryption devices synchronised or initially set up in a particular manner - H04L 9/3239: {involving non-keyed hash functions, e.g. modification detection codes [MDCs], MD5, SHA or RIPEMD} - H04L 9/50: {using hash chains, e.g. blockchains or hash trees} - G06Q 2220/00: Business processing using cryptography - H04L 2209/56: Financial cryptography, e.g. electronic payment or e-cash - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR - H04L: TRANSMISSION OF DIGITAL INFORMATION, e.g. TELEGRAPHIC COMMUNICATION (arrangements common to telegraphic and telephonic communication H04M) ## 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. ## Claims ### Claim 1 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. ### Claim 2 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform records the tokenized securities contracts for the transactions of the tokenized securities on the immutable distributed ledger. ### Claim 3 (depends on 1) The system of claim 1, wherein the at least one bundle of rights provides partial sales rights, fractional sales rights, co-sale rights, affiliate sales rights, bid rights, approval rights, offer rights, refusal rights, undersubscribed rights, closing rights, redemption of call rights, put rights, tag-along rights, drag-along rights, voting rights, transfer rights, liquidation rights, and/or custom rights. ### Claim 4 (depends on 1) The system of claim 1, wherein the at least one bundle of rights provides rules associated with a transfer window for the tokenized securities, wherein the transfer window represents a period of time during which the transactions of the tokenized securities are enabled through the immutable ledger-based platform, and wherein the immutable ledger-based platform allows the transfer window to be viewed, paused, restarted, and/or terminated in real time. ### Claim 5 (depends on 1) The system of claim 1, wherein the at least one bundle of rights enables transfer of one or more of the at least one securities token between two or more shareholders, and wherein the two or more shareholders include the at least one buyer and the at least one seller. ### Claim 6 (depends on 1) The system of claim 1, wherein the at least one bundle of rights associated with a particular tokenized security persist following transactions of the particular tokenized security. ### Claim 7 (depends on 1) The system of claim 1, 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. ### Claim 8 (depends on 1) The system of claim 1, wherein the at least one activity request is only able to be completed by a user device associated with a particular user profile that is not associated with the at least one buyer or the at least one seller. ### Claim 9 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform allows the completion of multiple activity requests in parallel. ### Claim 10 (depends on 1) The system of claim 1, wherein the immutable distributed ledger includes a valuation estimator interface, wherein the valuation estimator interface displays a range of estimated current valuation of the tokenized securities and/or the issuer of the tokenized securities and a range of estimated future valuation of the tokenized securities and/or the issuer of the tokenized securities based on a capitalization structure, transactional pricing, and a confidence level in the estimated current valuation and/or a confidence level in the estimated future valuation. ### Claim 11 (depends on 1) The system of claim 1, wherein the immutable distributed ledger includes a capitalization table interface, wherein the capitalization table interface displays information including at least one owner and at least one share class, wherein the information further includes a number of shares for each of the at least one owner in each of the at least one share class, a percentage of shares for each of the at least one owner in each of the at least one share class, and/or a total percentage of issued, outstanding, and/or fully diluted shares for each of the at least one owner, wherein the capitalization table interface provides for export of the information to a comma-separated values file, a spreadsheet file, or a database file, and wherein the capitalization table interface is updated in real time based on the transactions of the tokenized securities. ### Claim 12 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform sends at least one message to the at least one user device, wherein the at least one message includes at least one document and a response required indicator for the at least one document. ### Claim 13 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform provides at least one poll question including at least one templated item to the at least one user device, wherein the at least one templated item is uniquely constructed for the at least one user device based on ownership of the tokenized securities and profile data associated with the at least one user device. ### Claim 14 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform provides at least one poll question, wherein each of the at least one poll question includes an expiration date and/or at least one poll response for the at least one poll question. ### Claim 15 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform includes a vesting schedule interface, wherein the vesting schedule interface includes a timeline for vesting of the tokenized securities and a percentage of tokenized securities currently vested. ### Claim 16 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform converts a first tokenized securities to a second tokenized securities, wherein conversion of the first tokenized securities to the second tokenized securities includes a trigger event for the conversion, at least one conversion option for the conversion, and a party that selects one of the at least one conversion option for the conversion. ### Claim 17 (depends on 1) The system of claim 1, wherein the immutable ledger-based platform includes an audit trail, wherein the audit trail includes a name of at least one activity, a description of the at least one activity, a status of the at least one activity, a date of the at least one activity, a time of the at least one activity, data related to the at least one activity, and/or a party who completed the at least one activity. ### Claim 18 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. ### Claim 19 (depends on 18) The system of claim 18, wherein the at least one bundle of rights provides partial sales rights, fractional sales rights, co-sale rights, affiliate sales rights, bid rights, approval rights, offer rights, refusal rights, undersubscribed rights, closing rights, redemption of call rights, put rights, tag-along rights, drag-along rights, voting rights, transfer rights, liquidation rights, and/or custom rights. ### Claim 20 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.