Invention Grant
- Patent Title: System and method for implementing a blockchain platform that creates and manages secured tokens
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Application No.: US18140276Application Date: 2023-04-27
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Publication No.: US12271892B2Publication Date: 2025-04-08
- Inventor: Anupam Sarwaikar , Bhaktavatsalam Yadlapalli
- Applicant: Livegage, Inc.
- Applicant Address: US NJ Morganville
- Assignee: Livegage, Inc.
- Current Assignee: Livegage, Inc.
- Current Assignee Address: US NJ Morganville
- Agency: Hunton Andrews Kurth LLP
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q40/03 ; G06Q50/163 ; H04L9/32

Abstract:
An embodiment of the present invention is directed to storing a loan asset on a blockchain by using a secured note as a unique secured token (or non-fungible token (NFT)). An embodiment of the present invention may provide tokenization of a note to service a residential mortgage debt on a private blockchain. As recognized by an embodiment of the present invention, property may be uniquely represented by various characteristics including property address and/or property characteristics, such as bedrooms, bathrooms, garage, etc. Accordingly, an embodiment of the present invention may represent the underlying collateral (property) as a unique NFT.
Public/Granted literature
- US20240362620A1 SYSTEM AND METHOD FOR IMPLEMENTING A BLOCKCHAIN PLATFORM THAT CREATES AND MANAGES SECURED TOKENS Public/Granted day:2024-10-31
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