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US Patent 11961142 Systems and methods for pooling and transferring digital assets

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Patent
Patent
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Patent attributes

Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
0
Patent Number
119611420
Patent Inventor Names
Jared Flatow0
Geoffrey Hayes0
Robert Leshner0
Torrey Atcitty0
Coburn Berry0
Date of Patent
April 16, 2024
0
Patent Application Number
165516320
Date Filed
August 26, 2019
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Patent Citations
‌
US Patent 10275772 Cryptocurrency risk detection system
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Patent Primary Examiner
‌
Chikaodinaka Ojiaku
0
Patent abstract

The disclosed computer-implemented method for pooling and transferring digital assets may include detecting a transaction event for a blockchain ledger. The blockchain ledger may include transaction records for a pool of digital assets and accounts collectively owning the digital assets. Each account may own a proportional portion of the digital assets corresponding to an account asset balance. The method may also include calculating an exchange rate based on a cash balance of the pool, a liabilities balance of the pool, and an ownership distribution value. The ownership distribution value may be based on a distribution of the account asset balances. The method may also include updating the cash balance based on the exchange rate and the transaction event, and adding a transaction record for the transaction event to the plurality of transaction records. Various other methods, systems, and computer-readable media are also disclosed.

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