Systems and methods for locking queued distributed network tokens

A non-transitory computer-readable storage medium tangibly encoded with computer-executable instructions, that when executed by the processor, perform a method comprising:

• receiving, by the processor, from a first node associated with a first token storage, a transfer event request for a movement of a requested token amount relative to the first token storage via a distributed network, the requested token amount being associated with at least one token, wherein the distributed network is a blockchain;
• accessing, by the processor, a pending transfer event log configured to queue a plurality of pending transfer event requests associated with the first token storage, each pending transfer event request within the pending transfer event log being associated with at least one pending token;
• modifying, by the processor, based on the access, the pending transfer event log, the modification comprising adding the transfer event request to a queue of the plurality of pending transfer event requests;
• locking, by the processor, the at least one token associated with the transfer event request upon the transfer event request being added to the queue of the pending transfer event log;
• and
• transmitting, by the processor, the transfer event request to the distributed network, the transmission of the transfer event request causing the distributed network to execute the movement of the at least one token;
• tracking, by the processor, a status of the at least one token;
• synchronizing, by the processor, a source of truth (SOT) associated with the distributed network based on the tracked status;
• identifying, by the processor, a denial instruction related to the transfer event request;
• and
• unlocking, by the processor, the at least one token based on the denial instruction, the unlocking enabling a subsequent transfer event request in association with the at least one token via the first token storage.

A system comprising:

• a processor configured to:
• receive, from a first node associated with a first token storage, a transfer event request for a movement of a requested token amount relative to the first token storage via a distributed network, the requested token amount being associated with at least one token, wherein the distributed network is a blockchain;
• access a pending transfer event log configured to queue a plurality of pending transfer event requests associated with the first token storage, each pending transfer event request within the pending transfer event log being associated with at least one pending token;
• modify, based on the access, the pending transfer event log, the modification comprising adding the transfer event request to a queue of the plurality of pending transfer event requests;
• lock the at least one token associated with the transfer event request upon the transfer event request being added to the queue of the pending transfer event log;
• and
• transmit the transfer event request to the distributed network, the transmission of the transfer event request causing the distributed network to execute the movement of the at least one token;
• track a status of the at least one token;
• synchronize a source of truth (SOT) associated with the distributed network based on the tracked status;
• identify a denial instruction related to the transfer event request;
• and
• unlock the at least one token based on the denial instruction, the unlocking enabling a subsequent transfer event request in association with the at least one token via the first token storage.