US Patent Issued to Wells Fargo Bank on May 20 for "Protecting tokenized structures using a protection architecture" (California Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,309,269, issued on May 20, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Protecting tokenized structures 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 protect non-fungible tokens (NFTs) using a protection architecture. One method includes protecting the NFT including tracking, utilizing the overlay ledger, an association of NFT ownership of a plurality of NFTs and storing and protecting, utilizing a blockchain storage, the plurality of NFTs. The method furth...