Goldman Sachs Awarded Cryptocurrency Patent

On July 11, 2017, the United States Patent and Trademark Office granted Goldman Sachs a patent for a “Cryptographic currency for securities settlement.” The patent, which was originally filed in October 2014, includes a cryptographic protocol and a supporting virtual wallet “that, in various embodiments, is a security and cash account for storing and managing the cryptographic currency.” According to the document, the virtual multi-asset wallet possesses the ability to generate, manipulate, and store SETLcoins, a new cryptocurrency for exchanging assets, like securities, cash, and cash equivalents, through a peer-to-peer network.

Submitted July 14, 2017 at 09:55AM by casiokvik


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s