US Patent Issued to VERONA HOLDINGS SEZC on Sept. 2 for "Techniques for digital token-based collaralization and lending" (Oregon, California Inventors)

ALEXANDRIA, Va., Sept. 3 -- United States Patent no. 12,406,241, issued on Sept. 2, was assigned to VERONA HOLDINGS SEZC (George Town, Cayman Islands).

"Techniques for digital token-based collaralization and lending" was invented by Jonathan Yantis (Grants Pass, Ore.), William Edward Quigley (Pacific Palisades, Calif.) and Lukasz Jakub Sliwka (Long Beach, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In embodiments of the present invention, methods are provided for receiving a request to collateralize a collateral item of a user seeking a loan, along with information and a photograph of the collateral item. A processing system may generate a virtual representation of the collateral item based on the ...