Invention Grant
- Patent Title: Digital asset vault
-
Application No.: US17370545Application Date: 2021-07-08
-
Publication No.: US12073386B1Publication Date: 2024-08-27
- Inventor: Todd Steven Biggs , Phillip H. Griffin , Upul D. Hanwella , Mabel Oza , Luiz Silva , Jeff J. Stapleton , Richard Stec , Kurt Paul Stevens , Luis A. Suarez , Sean Xiang Zhang
- Applicant: Wells Fargo Bank, N.A.
- Applicant Address: US CA San Francisco
- Assignee: WELLS FARGO BANK, N.A.
- Current Assignee: WELLS FARGO BANK, N.A.
- Current Assignee Address: US CA San Francisco
- Agency: Merchant & Gould P.C.
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06F16/28 ; G06Q20/38 ; H04L9/08 ; H04L9/32 ; G06Q40/02 ; G06Q40/04 ; G06Q50/18

Abstract:
Securing digital assets in a vault that interfaces with multiple different third-party wallets to store keys/mnemonics. The vault interface accepts input from multiple different party wallets to combine multiple encryptions and secure storage techniques. Numerous cryptographic mechanisms are employed to securely pull a mnemonic phrase from a third-party wallet and into an institution's vault. A customer's mnemonic phrase is securely transported from a personal wallet into a secured institution's encrypted vault using the power of HSM to encrypt and decrypt a customer's mnemonic phrase securely.
Information query