US Patent Issued to JPMORGAN CHASE BANK on Oct. 7 for "Systems and methods for tokenizing money market fund shares for use as collateral or in other transactions" (British, Irish, Chinese Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,273, issued on Oct. 7, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Systems and methods for tokenizing money market fund shares for use as collateral or in other transactions" was invented by Tyrone Lobban (London), Nikhil Sharma (Hong Kong), Leonard Joseph Sutton (Castletroy, Ireland), Lorraine Dunbar (Dublin) and Diane Macfarlane (Kingston, Great Britain).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for tokenizing money market fund shares for use as collateral or in other transactions are disclosed. Methods may tokenize money market fund shares and using the tokens collateral without having to redeem the shares from th...