ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,455, issued on March 25, was assigned to Wells Fargo Bank N.A. (San Francisco).
"Blockchain based loan securitization" was invented by David Duccini (St. Paul, Minn.), Phillip H. Griffin (Raleigh, N.C.), David Newman (Walnut Creek, Calif.) and Nishant Usapkar (San Ramon, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Examples described herein relate to systems, apparatuses, and methods for generating a securitized loan blockchain, including providing at least one security criterion, identifying at least one loan block of a loan blockchain that satisfies the security criterion, where the loan blockchain corresponds to at least one loan, and t...