System and method of providing unique identifiers in security blockchain-based tokens
AssigneeTemplum, Inc.
InventorsVincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
Life of this patent
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AssigneeTemplum, Inc.
InventorsVincent MOLINARI, Christopher PALLOTTA, Joseph LATONA
Estimating the term…
A method includes generating CUSIP unique identifiers that are embedded in each token of a tokenized asset offering that is blockchain-based. Cryptocurrency wallets associated with managing tokens can also each have a unique identifier. As an alternative trading system manages trades of tokens having unique identifiers with buyers and sellers having wallets with associated unique identifiers, a reporting of transaction data can be made to a transfer agent that is registered with the a regulatory agency. Separately recording transaction data from the data recorded on the blockchain can enable the transfer agent to be the arbiter of ownership. Having the transaction data stored by the transfer agent can reduce or eliminate the incentive to hacked security wallets, can enable audits, and can enable regulatory compliance when thresholds, such as a number of shareholders, are met.
A method comprising:
A system comprising:
A computer-readable storage device storing instructions which, when executed by a processor, cause the processor to perform operations comprising
Dependencies are inferred from the claim text.