US Patent Issued to Goldman Sachs & Co. on Oct. 7 for "Cryptographic currency for securities settlement" (New York Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,275, issued on Oct. 7, was assigned to Goldman Sachs & Co. LLC (New York).

"Cryptographic currency for securities settlement" was invented by Paul Walker (New York) and Phil J. Venables (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present disclosure is directed to security settlement in financial markets and cryptographic currencies. Particular portions of the present disclosure are directed to a cryptographic currency protocol and to a cryptographic currency that includes a positional item. The cryptographic currency protocol supports a virtual wallet that, in various embodiments, is a security and cash account for storing and managi...