Method, Apparatus, and Computer-Readable Medium For Compliance Aware Tokenization and Control of Asset Value

A system for governing tokenized financial transactions on a distributed ledger over a computer network, the system comprising:

• at least one computer processor;
• and
• at least one memory having instructions stored therein which, when executed by the at least one computer processor, cause the at least one computer processor to:
• obtain data indicative of a verified identity of at least one participant on a transaction;
• receive participant attribute values for the at least one participant, the participant attributes being mapped to a wallet address indicating, among other things, a category of investor associated with at least one of the at least one participants and a jurisdiction applicable to the at least one participant;
• receive a request to engage in transaction of a token from a requesting participant that is one of the at least one participants, the token having token attribute values describing an underlying asset, the request including an indication of the token, and the participant attributes of the requesting participant;
• identify a policy to be enforced for the transaction and at least one rule associated with the policy, the at least one rule including a participant attribute, a comparison operator, and a desired value of the participant attribute and the at least one rule including a token attribute, a comparison operator, and a desired value of the token attribute;
• retrieve rights associated with the requested transaction based on the rule, the participant attribute value and the token attribute value, the rights specifying a verb/object pair;
• determine if the rights permit the requesting participant to engage in the transaction;
• allow the transaction when the rights permit the transaction;
• and
• record information indicating the right to perform a transaction on a distributed ledger.

A non-transient computer readable medium storing instructions therein which, when executed by at least one computer processor, cause the at least one computer processor to:

• obtain data indicative of a verified identity of at least one participant on a transaction;
• receive participant attribute values for the at least one participant, the participant attributes being mapped to a wallet address indicating, among other things, a category of investor associated with at least one of the at least one participants and a jurisdiction applicable to the at least one participant;
• receive a request to engage in transaction of a token from a requesting participant that is one of the at least one participants, the token having token attribute values describing an underlying asset, the request including an indication of the token, and the participant attributes of the requesting participant;
• identify a policy to be enforced for the transaction and at least one rule associated with the policy, the at least one rule including a participant attribute, a comparison operator, and a desired value of the participant attribute and the at least one rule including a token attribute, a comparison operator, and a desired value of the token attribute;
• retrieve rights associated with the requested transaction based on the rule, the participant attribute value and the token attribute value, the rights specifying a verb/object pair;
• determine if the rights permit the requesting participant to engage in the transaction;
• allow the transaction when the rights permit the transaction;
• and
• record information indicating the right to perform a transaction on a distributed ledger.