COSMIC WIRE (20240330906). TOKEN STANDARD IMPLEMENTATION FOR TOKENIZED SECURITIES simplified abstract
Contents
TOKEN STANDARD IMPLEMENTATION FOR TOKENIZED SECURITIES
Organization Name
Inventor(s)
Mark Ellis of Prescott AZ (US)
Jerad Finck of Marina Del Ray CA (US)
Greg Parker of Bethlehem CT (US)
TOKEN STANDARD IMPLEMENTATION FOR TOKENIZED SECURITIES - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240330906 titled 'TOKEN STANDARD IMPLEMENTATION FOR TOKENIZED SECURITIES
The abstract of the patent application describes techniques for enforcing transfer restrictions on a regulated securities token by configuring an account associated with a cryptocurrency wallet to receive the securities token with specific transfer restrictions based on identified characteristics. Requests to transfer the securities token to a recipient account associated with a regulated transfer group are managed.
- Configuring an account with a cryptocurrency wallet to receive a securities token with transfer restrictions
- Setting transfer restrictions based on identified characteristics of the account
- Managing requests to transfer the securities token to a recipient account in a regulated transfer group
Potential Applications: - Regulated securities trading platforms - Compliance with securities regulations - Secure transfer of securities tokens
Problems Solved: - Ensuring compliance with transfer restrictions on securities tokens - Preventing unauthorized transfers of securities tokens
Benefits: - Enhanced security for securities token transfers - Simplified management of transfer restrictions - Compliance with regulatory requirements
Commercial Applications: Title: "Enhanced Security for Regulated Securities Token Transfers" This technology could be used in regulated securities trading platforms to ensure compliance with transfer restrictions and enhance security for securities token transfers, potentially leading to increased trust and confidence in the market.
Questions about the technology: 1. How does this technology improve security for securities token transfers? 2. What are the key characteristics used to set transfer restrictions on accounts?
Original Abstract Submitted
techniques for enforcing transfer restrictions on a regulated securities token include configuring, an account associated with a cryptocurrency wallet to receive a securities token by setting one or more transfer restrictions based in part on one or more identified characteristics associated with the account. requests to transfer the securities token to a recipient account associated with a regulated transfer group are managed.
