US Patent Issued to Cuneifin JSC on Dec. 9 for "System and method for private equity derivatives creation and use with the aid of a digital computer" (Bulgarian Inventors)

ALEXANDRIA, Va., Dec. 9 -- United States Patent no. 12,493,908, issued on Dec. 9, was assigned to Cuneifin JSC (Bulgaria).

"System and method for private equity derivatives creation and use with the aid of a digital computer" was invented by Todor Yotkov Yotov (Sofia, Bulgaria), Boryana Svetlozarova Racheva-Iotova (Sofia, Bulgaria), Emil Emanuilov Margaritov (Plovdiv, Bulgaria) and Petar Nikolaev Nikolov (Sandanski, Bulgaria).

According to the abstract* released by the U.S. Patent & Trademark Office: "The platform is provided with security, verifiability, and computational speed necessary to implement transactions involving derivatives of private equity assets. All relevant data necessary for the performance of the transactions is convert...