Invention Grant
- Patent Title: Smart decentralized platform for settlement of delisted stocks
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Application No.: US18101205Application Date: 2023-01-25
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Publication No.: US12079870B2Publication Date: 2024-09-03
- Inventor: Saurabh Uprit , Amar Tayade
- Applicant: Bank of America Corporation
- Applicant Address: US NC Charlotte
- Assignee: Bank of America Corporation
- Current Assignee: Bank of America Corporation
- Current Assignee Address: US NC Charlotte
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04

Abstract:
Aspects of the disclosure relate to computing hardware and software for analyzing and processing data associated with delisted stock trading. A computing platform may receive, from a client computing device, a request to provide recommended parameters for the sale of a first delisted stock, which may include a recommended time to sell and a sale price, and may identify, using a delisting recommendation engine, the recommended parameters. The computing platform may send, to the client computing device, the recommended parameters. The computing platform may receive a request to sell the first delisted stock under conditions of the recommended parameters and may cause execution of smart contract ledgering between a buyer and a seller to identify final sale parameters. Thereafter, the computing platform may cause execution of a transfer of the first delisted stock from the seller to the buyer and a transfer of funds from the buyer to the seller.
Public/Granted literature
- US20230169591A1 Smart Decentralized Platform for Settlement of Delisted Stocks Public/Granted day:2023-06-01
Information query