20240029074. OFFER CREATION simplified abstract (EquiDeFi Ltd.)
Contents
OFFER CREATION
Organization Name
Inventor(s)
Harvey Kesner of Fort Lauderdale FL (US)
Mohit Bhansali of New York NY (US)
OFFER CREATION - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240029074 titled 'OFFER CREATION
Simplified Explanation
Utilizing tools that apply regulatory rules to financial instruments such as private offerings of securities via a rules-based architecture for documentation and funds-flow, design and communications. A user, such as an offeror of a financial instrument (securities), may select a standard of compliance appropriate to the offering based on desired jurisdictions. The selection may initiate a workflow to create compliant documents for the offering using a web-based user interface to walk users through the generation of offering documents, collection of conditions precedent for each workflow, and the closing and transfer of funds, including crypto, cefi, and defi funds such as stablecoins, ethereum, bitcoin, etc., used for the purchase price of the investment. Thereafter, a compliant workflow for the intermediation of transactions involving subsequent transfers of the financial instruments (securities) among subsequent buyers and sellers (aftermarket).
- Tools are used to apply regulatory rules to financial instruments in a rules-based architecture.
- Users can select a compliance standard based on desired jurisdictions for their offering.
- A web-based user interface guides users through the creation of compliant offering documents.
- Conditions precedent for each workflow are collected.
- Funds, including crypto, cefi, and defi funds, are transferred for the purchase price of the investment.
- Compliant workflows are established for subsequent transfers of the financial instruments in the aftermarket.
Potential applications of this technology:
- Streamlining the process of creating compliant offering documents for private securities offerings.
- Facilitating the transfer of funds, including cryptocurrencies, for investment purposes.
- Automating the intermediation of transactions in the aftermarket for financial instruments.
Problems solved by this technology:
- Ensuring compliance with regulatory rules and standards for financial instruments.
- Simplifying the documentation and funds-flow processes for private securities offerings.
- Enhancing transparency and efficiency in the transfer of funds and financial instruments.
Benefits of this technology:
- Reduces the time and effort required to create compliant offering documents.
- Enables seamless transfer of funds, including cryptocurrencies, for investment purposes.
- Improves transparency and accountability in the aftermarket trading of financial instruments.
Original Abstract Submitted
utilizing tools that apply regulatory rules to financial instruments such as private offerings of securities via a rules-based architecture for documentation and funds-flow, design and communications, for example, a user, such as an offeror of a financial instrument (securities), may select a standard of compliance appropriate to the offering based on desired jurisdictions. the selection may initiate a workflow to create compliant documents for the offering using a web-based user interface to walk users through one or more of: (1) generation of the offering documents, (2) collection of the conditions precedent for each workflow, and (3) the closing and transfer of funds, including funds that are crypto, cefi and defi, such as stablecoins, ethereum, bitcoin and the like, used for the purchase price of the investment. thereafter, a compliant workflow for the intermediation of transactions which involve 1-3 above but for subsequent transfers of the financial instruments (securities) among subsequent buyers and sellers (aftermarket).
