US Patent Issued to Wells Fargo Bank on June 3 for "Dynamic token instrument using a protection architecture" (California Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,924, issued on June 3, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Dynamic token instrument using a protection architecture" was invented by Ashish B. Kurani (Hillsborough, Calif.) and Dennis E. Montenegro (Concord, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods, and computer-readable storage media to exchange using dynamic non-fungible token (DNFT) exchange instruments. One method includes receiving an issuance request, generating a DNFT exchange instrument, dynamically updating the DNFT exchange instrument, and executing an exchange."

The patent was filed on Dec. 2, 2022, under Application No. 18/073,910.

*For ...