ALEXANDRIA, Va., Sept. 17 -- United States Patent no. 12,417,502, issued on Sept. 16, was assigned to Equity Shift Inc. (Raleigh, N.C.).
"Blockchain instrument for transferable equity" was invented by Thomas Marshall Gordon III (Raleigh, N.C.), Joseph W. Forbes Jr. (Raleigh, N.C.) and Gregory Frederick Bush (Cary, N.C.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized sec...