US Patent Issued to Goldman Sachs & Co. on July 15 for "Hierarchical digital issuance tokens and claim tokens" (Singaporean, Chinese Inventors)

ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,411, issued on July 15, was assigned to Goldman Sachs & Co. LLC (New York).

"Hierarchical digital issuance tokens and claim tokens" was invented by Chi Kit Yip (Hong Kong, Hong Kong) and Chong Kiat Joseph Chua (Singapore).

According to the abstract* released by the U.S. Patent & Trademark Office: "In a first tier of a hierarchy, a record is maintained of assets issued or otherwise made available by an issuer. The available assets may be distributed between accounts within the first tier. Ownership of the assets is recorded on a distributed ledger. One or more of the first-tier accounts may be held by first tier investors (such as institutional investors) that buy and hold some of...