US Patent Issued to Jura Pentium on Oct. 21 for "Systems and methods for administering an exchange traded product (ETP) that operates entirely in cryptocurrency/blockchain" (New York Inventors)

ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,658, issued on Oct. 21, was assigned to Jura Pentium AG (Zug, Switzerland).

"Systems and methods for administering an exchange traded product (ETP) that operates entirely in cryptocurrency/blockchain" was invented by Ophelia Snyder (New York) and Hany Rashwan (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A crypto ETP is administered by a portfolio modeling computer/(PMC), a fund administration computer/(FAC), an order taking platform computer/(OTP), a custodian computer/(CC), and a paying agent settlement computer/(PASC). The PMC defines the ETP and captures data for a cryptocurrency index. The CC tracks Underlying Assets held by the ETP,...