US Patent Issued to CITADEL ENTERPRISE IP HOLDINGS on March 11 for "Tokenizing credit risk using a distributed ledger" (Florida Inventors)

ALEXANDRIA, Va., March 12 -- United States Patent no. 12,248,983, issued on March 11, was assigned to CITADEL ENTERPRISE IP HOLDINGS LP (Miami).

"Tokenizing credit risk using a distributed ledger" was invented by Rock Khanna (Miami), David Inggs (Miami) and Matt Emerson (Miami).

According to the abstract* released by the U.S. Patent & Trademark Office: "To manage credit risk using a distributed ledger, a computing device determines a line of credit to provide from a clearing broker to an investment manager. The computing device mints a token representing the line of credit from the clearing broker by interacting with a distributed ledger maintained by a plurality of participants in a distributed ledger network, and generates a transaction...