US Patent Issued to CUSTODIA BANK on Oct. 21 for "Cryptographic token with separate circulation groups" (Wyoming, California, New York, Texas Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,578, issued on Oct. 21, was assigned to CUSTODIA BANK INC. (Cheyenne, Wyo.).

"Cryptographic token with separate circulation groups" was invented by Caitlin Frances Long (Cheyenne, Wyo.), Bryan Allen Bishop (Austin, Texas), Zev Naftali Shimko (San Francisco), Britney Dawn Reddy (Cheyenne, Wyo.) and Charles Daniel Thompson (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A custom cryptographic token and smart contract that is configured to exist in one of two groups and is issued by the same bank or depository institution that also collects corresponding fiat currency deposits. The two groups are a circulation group and a non-circulation group...