US 12,223,497 B2Granted

Tokenization platform

AssigneeVerona Holdings Sezc

InventorsJonathan Yantis, William Edward Quigley, Lukasz Jakub Sliwka

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Abstract

In embodiments, a system for tokenizing incompatible currencies is disclosed. The system includes a currency bridge that receives a request to tokenize an amount of currency for a user, verifies verify that the user has the defined amount of currency and that the currency has been locked in an account such that the user is unable to transfer the defined amount of currency from the account, and in response to verifying that the defined amount of currency has been locked, request generation of an NFT in accordance with a tokenization protocol that represents the locked currency. The system includes a token generation system that generates the NFT and a ledger management system that associates the NFT with an account of the user on a cryptographic ledger that stores NFTs that are defined in accordance with the protocol, thereby allowing the user to transact using the NFT.

Claims20

Dependent claims

A system comprising:

a currency bridging system configured to:
receive a tokenization request to tokenize a defined amount of currency on behalf of a user;
verify that the user has the defined amount of currency and that the defined amount of currency has been locked in an account such that the user is unable to transfer the defined amount of currency from the account;
in response to verifying that the defined amount of currency has been locked, request generation of a non-fungible token that represents the defined amount of currency and that is defined in accordance with a tokenization protocol;
a token generation system configured to generate the non-fungible token in accordance with the tokenization protocol;
and
a ledger management system configured to:
write the non-fungible token to a cryptographic ledger that is configured to store digital tokens that are generated in accordance with the tokenization protocol;
and
associate the non-fungible token with a user account of the user, wherein the user can participate in transactions using the non-fungible token.

7 more elements

Dependencies are inferred from the claim text.

Facts

Application: 17/520,886Filed 8 Nov 2021 · continuation
Priority: 2 Nov 2018
Published: US 2022/0058633 A124 Feb 2022
Granted: 11 Feb 2025
Term ends: Not estimatedThe source records don’t support an estimate.

Classification21 codes

G06Q 20/123
Specially adapted for electronic shopping systems: shopping for digital content
G06F 21/602
Protecting data: providing cryptographic facilities or services
G06F 21/64
Protecting data: protecting data integrity, e.g. using checksums, certificates or signatures
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash

Family

Application62/754,987Us provisional application · filed 2 Nov 2018
Application62/770,620Us provisional application · filed 21 Nov 2018
Application62/770,624Us provisional application · filed 21 Nov 2018
Application62/906,211Us provisional application · filed 26 Sep 2019
PCT/US2019/059389Parent of this continuation · filed 1 Nov 2019
Application17/245,662Parent of this continuation · filed 30 Apr 2021
Application17/363,618Parent of this continuation · filed 30 Jun 2021
US 2022/0058633 A1Pre-grant publication · published 24 Feb 2022
US 11,334,875 B2Parent of this continuation
US 2021/0248594 A1Published application
US 2021/0326852 A1Published application
US 12,223,497 B2This patent

From the US filing history. Foreign family members aren’t listed.

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