ALEXANDRIA, Va., Jan. 29 -- United States Patent no. 12,211,103, issued on Jan. 28, was assigned to TRETE Inc. (Prosper, Texas).
"Real asset fractionalization algorithm" was invented by Damien Patton (Plano, Texas) and Christian Gratton (Eaton Rapids, Mich.).
According to the abstract* released by the U.S. Patent & Trademark Office: "In certain aspects of the disclosure, a computer-implemented method includes receiving information regarding characteristics of a real asset. The method includes tokenizing at least one digital asset representing fractional shares in the real asset. The method includes determining the initial share price. The method includes updating a capitalization table based on the number shares and share price. The metho...