US Patent Issued to Wells Fargo Bank on Nov. 11 for "Systems and methods for private network issuance of digital currency" (California, Minnesota Inventors)

ALEXANDRIA, Va., Nov. 11 -- United States Patent no. 12,469,015, issued on Nov. 11, was assigned to Wells Fargo Bank N.A. (San Francisco).

"Systems and methods for private network issuance of digital currency" was invented by Nikolai Stroke (Gilbert, Calif.) and Duc M. Trinh (Golden Valley, Minn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems, methods, and computer-readable storage media of private network issuance of digital currency. One method includes receiving an issuance request associated with a first denomination of digital currency. The method further includes issuing a first digital currency token, wherein issuing is an off-chain exchange transferring the first denomination outside a digita...