Efficient, accurate, and secure transfers of internally-custodied digital assets

US11961136B2 · kind B2 · utility

Assignee

• BAKKT MARKETPLACE, LLC · US

Inventors

• Nicolas Frederic Cabrera · Atlanta, US
• Jeffrey Scott Pittelkau · Montgomery, US
• Nikolais Linsteadt · Applegate, US
• Joseph Arthur Revnes · Atlanta, US
• Brian Daniel Cooper · Marietta, US
• William Matthau · Laguna Niguel, US
• Christopher M. Petersen · New Canaan, US
• Yamini Bistesh Sagar · Alpharetta, US
• Utkarsh Agarwal · Tucson, US
• Tim Kuchlein · Lakeway, US
• Bharath Lakshmanan · San Ramon, US
• William Andrew Bryant · Alpharetta, US
• Stephen Paul Saucier · Atlanta, US
• Deepak Kumar · Kirkland, US
• Anil Jaiswal · Marietta, US
• Byungkwon Jeon · Seoul, KR
• Balaji Devarasetty · Atlanta, US

Key dates

• Filing date: Aug 20, 2021
• Grant date: Apr 16, 2024
• Expiry date: Oct 21, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/405
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Various embodiments are directed to processing and executing digital asset transfers between two users. An example method includes receiving a data object defining a digital asset transfer, and the data object may be a query from the first user to initiate an outbound transfer to a second user or an approval of a request for digital asset units from the second user. The method further includes retrieving account balance data objects associated with the digital asset accounts for the first and second users. The method further includes, responsive to determining that the digital asset transfer satisfies one or more transfer conditions, executing the digital asset transfer by executing a closed-loop debit from the first user and executing a closed-loop credit to the second user. The method further includes updating the account balance data object to reflect the resulting balances of each digital asset account.