US Patent Issued to CIRCLE INTERNET FINANCIAL on March 18 for "Smart contract network to enable real-time swapping of digital assets using minting on-demand" (Massachusetts Inventors)

ALEXANDRIA, Va., March 19 -- United States Patent no. 12,254,515, issued on March 18, was assigned to CIRCLE INTERNET FINANCIAL LTD. (Dublin).

"Smart contract network to enable real-time swapping of digital assets using minting on-demand" was invented by Rachel Mayer (Boston), Adrian Soghoian (Boston), Erik Tierney (Boston) and Kaili Wang (Boston).

According to the abstract* released by the U.S. Patent & Trademark Office: "Implementations of the present disclosure can include actions of receiving, by a first smart contract and from a first account, a redemption request for a swap transaction to redeem an amount of the first digital asset for an amount of the second digital asset, responsive to the redemption request, initiating, by the fi...