US 2022/0188917 A1Published application

Efficient, accurate, and secure transfers of externally-custodied digital assets

AssigneeBakkt Marketplace, LLC

InventorsChristopher Michael Petersen, Jeffrey Scott Pittelkau, Nikolais Linsteadt, Joseph Arthur Revnes, Brian Daniel Cooper, William Matthau, Nicolas Frederic Cabrera, Yamini Bistesh Sagar, Utkarsh Agarwal, Tim Kuchlein, Bharath Lakshmanan, William Andrew Bryant, Stephen Paul Saucier, Deepak Kumar, Anil Jaiswal, Byungkwon Jeon, Balaji Devarasetty

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Abstract

Various embodiments are directed to processing and executing digital asset transfers between two users. An example method includes receiving a data object defining a digital asset transfer, and the data object may be a query from the first user to initiate an outbound transfer to a second user or an approval of a request for digital asset units from the second user. The method further includes receiving account data for the first and second users via application programming interface (API) communication with an external system, and responsive to determining that transfer conditions are satisfied, executing the digital asset transfer by causing the external system to debit digital asset units from the first user and to credit digital asset units to the second user via API communication with the external system. The method further includes updating the account data to reflect account balances resulting from the debit and the credit.

Claims20

Dependent claims

A computer-implemented method comprising:

receiving, using a processor and at an application programming interface, a data object originating from a first client device associated with a first end user and defining a digital asset transfer between the first end user and a second end user, wherein the data object indicates a digital asset and a defined number of digital asset units for the digital asset transfer;
generating and transmitting, using the processor, a first account query comprising a first identifier token associated with the first end user;
receiving, using the processor, a first account query response comprising a first account balance data object corresponding to a first digital asset user account associated with the first end user;
generating and transmitting, using the processor, a second account query comprising a second identifier token associated with the second end user;
receiving, using the processor, a second account query response comprising a second account balance data object corresponding to a second digital asset user account associated with the second end user;
responsive to determining that the digital asset transfer satisfies one or more transfer conditions, executing, using the processor, the digital asset transfer by:
generating and transmitting a first transfer execution API query identifying the first digital asset user account and indicating the first number of digital asset units, wherein the first transfer execution API query is configured to cause the first number of digital asset units to be debited from the first digital asset user account, and
generating and transmitting a second transfer execution API query identifying the second digital asset user account and indicating a second number of digital asset units, wherein the second transfer execution API query is configured to cause the second number of digital asset units to be credited to the second digital asset user account, wherein the first number of digital asset units and the second number of digital asset units are each determined based at least in part on the defined number of digital asset units;
updating, using the processor, the first account balance data object to describe a resulting balance of the first digital asset user account;
and
updating, using the processor, the second account balance data object to describe a resulting balance of the second digital asset user account.

8 more elements

A system comprising one or more memory storage areas and one or more processors, the system configured for:

receiving a data object originating from a first client device associated with a first end user and defining a digital asset transfer between the first end user and a second end user, wherein the data object indicates a digital asset and a defined number of digital asset units for the digital asset transfer;
generating and transmitting a first account query comprising a first identifier token associated with the first end user;
receiving a first account query response comprising a first account balance data object corresponding to a first digital asset user account associated with the first end user;
generating and transmitting a second account query comprising a second identifier token associated with the second end user;
receiving a second account query response comprising a second account balance data object corresponding to a second digital asset user account associated with the second end user;
responsive to determining that the digital asset transfer satisfies one or more transfer conditions, executing the digital asset transfer by:
generating and transmitting a first transfer execution API query identifying the first digital asset user account and indicating the first number of digital asset units, wherein the first transfer execution API query is configured to cause the first number of digital asset units to be debited from the first digital asset user account, and
generating and transmitting a second transfer execution API query identifying the second digital asset user account and indicating a second number of digital asset units, wherein the second transfer execution API query is configured to cause the second number of digital asset units to be credited to the second digital asset user account, wherein the first number of digital asset units and the second number of digital asset units are each determined based at least in part on the defined number of digital asset units;
updating the first account balance data object to describe a resulting balance of the first digital asset user account;
and
updating the second account balance data object to describe a resulting balance of the second digital asset user account.

8 more elements

A computer program product comprising at least one non-transitory computer-readable storage medium having computer-readable program code portions stored therein, the computer-readable program code portions comprising executable portions configured for:

receiving a data object originating from a first client device associated with a first end user and defining a digital asset transfer between the first end user and a second end user, wherein the data object indicates a digital asset and a defined number of digital asset units for the digital asset transfer;
generating and transmitting a first account query comprising a first identifier token associated with the first end user;
receiving a first account query response comprising a first account balance data object corresponding to a first digital asset user account associated with the first end user;
generating and transmitting a second account query comprising a second identifier token associated with the second end user;
receiving a second account query response comprising a second account balance data object corresponding to a second digital asset user account associated with the second end user;
responsive to determining that the digital asset transfer satisfies one or more transfer conditions, executing the digital asset transfer by:
generating and transmitting a first transfer execution API query identifying the first digital asset user account and indicating the first number of digital asset units, wherein the first transfer execution API query is configured to cause the first number of digital asset units to be debited from the first digital asset user account, and
generating and transmitting a second transfer execution API query identifying the second digital asset user account and indicating a second number of digital asset units, wherein the second transfer execution API query is configured to cause the second number of digital asset units to be credited to the second digital asset user account, wherein the first number of digital asset units and the second number of digital asset units are each determined based at least in part on the defined number of digital asset units;
updating the first account balance data object to describe a resulting balance of the first digital asset user account;
and
updating the second account balance data object to describe a resulting balance of the second digital asset user account.

8 more elements

Dependencies are inferred from the claim text.

Facts

Application: 17/407,962Filed 20 Aug 2021
Priority: 16 Dec 2020
Published: 16 Jun 2022
Term ends: Not estimatedThe source records don’t support an estimate.

Classification8 codes

G06Q 40/02
Finance; Insurance; Tax strategies; Processing of corporate or income taxes: banking, e.g. interest calculation or account maintenance
G06Q 20/065
Private payment circuits, e.g. involving electronic currency used among participants of a common payment scheme: using e-cash
G06Q 20/102
Specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems: bill distribution or payments
G06Q 20/26
Payment schemes or models: debit schemes, e.g. "pay now"