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AssigneeIP Oversight Corporation
InventorsChris Youb, Bruce Youb
Estimating the term…
A method for creating an asset-backed distributed ledger token representing a smart contract, the token being backed by a pledge of an illiquid form of a precursor or means of production of a commodity asset, comprising receiving a pledge of unrefined or pre-commodity asset, digitizing the unrefined commodity asset into fractional representations of the commodity asset using smart contracts on a distributed ledger network, and allowing account holders access to the perform transactions on the distributed ledger network to trade the fractional representations under the terms of the smart contract.
A token, representing an interest in a smart contract, the smart contract representing an agreement, secured by an undivided incomplete share of a security interest in real property or a right in real property, the smart contract requiring a return of the token within a predetermined time period, the predetermined time period being tollable selectively dependent on tendering of a substitute asset, and if the token is not returned within the tollable predetermined time period, permitting exercise of the security interest.
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A method of defining a token, comprising:
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A method for creating a liquid token representation from an illiquid asset comprising:
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Dependencies are inferred from the claim text.