IP Library Granted Patent US 11,568,398
Granted Patent B1
US 11,568,398 · App. 16/838,725 · Granted Jan 31, 2023

Systems and methods for storing digital math-based assets using a secure portal

Inventors: Cameron Howard Winklevoss (New York, NY); Tyler Howard Winklevoss (New York, NY); Evan Louis Greebel (New York, NY); Kathleen Moriarty (New York, NY); Gregory Elias Xethalis (New York, NY)
Assignee: Gemini IP, LLC
G06Q20/3829G06Q20/34G06Q20/02G06Q2220/14
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Quick Facts
Patent No.
US 11,568,398
App. No.
16/838,725
Granted
Jan 31, 2023
Kind
B1
Abstract

Systems and methods for securely storing digital assets using a secure portal are disclosed. Using an isolated computer within an electronic isolation chamber, a plurality of digital asset accounts may be generated, and one or more private keys and a digital asset account identifier corresponding to each of the digital asset accounts may be obtained. A respective reference identifier may be associated with each digital asset account. At least one of the one or more private keys corresponding to each digital asset account may be divided into a plurality of private key segments and written to a card along with the respective reference identifier to create sets of collated cards, wherein each set comprises cards corresponding to different private keys.

Claims (42)

1. A digital asset account administrative system associated with a digital asset, the system comprising:

(a) an isolated computing device comprising one or more processors, a non-removable computer-readable memory, and a portal for connecting to a removable computer-readable memory device; and

(b) a plurality of N removable computer-readable memory devices,

wherein the isolated computing device is connected to each removable computer-readable memory device,

wherein the isolated computing device and the removable computer-readable memory devices are, collectively, operatively separated and physically separated from any network by an air gap,

wherein each removable computer-readable memory device of the N removable computer-readable memory devices is adapted to be removed and stored in a geographically separated and secure location from the remaining N removable computer-readable memory devices; and

wherein the non-removable computer-readable memory stores thereon instructions that, when executed by the one or more processors, cause the one or more processors to perform, for each respective removable computer-readable memory device of the N removable computer-readable memory devices, the steps of:

(1) generating, using the isolated computing device and the respective removable computer-readable memory device, a respective key pair, wherein each respective key pair comprises a private key and a corresponding public key;

(2) storing, using the isolated computing device, on the respective removable computer-readable memory device, the respective key pair and respective identification information associated with the respective computer-readable memory devices used to generate the respective key pair;

(3) storing, using the isolated computing device and each of the plurality of N removable computer-readable memory devices, in an electronic listing on the non-removable computer-readable memory of the isolated computer device, the respective public key and the associated respective identification information associated with the respective removable computer-readable memory device of the N removable computer-readable memory devices used to generate the respective public key;

(4) transferring from the isolated computing device to a different removable computer-readable memory device, the electronic listing, wherein the different removable computer-readable memory device is not one of the plurality of N removable computer-readable memory devices;

(5) transferring from the different removable computer-readable memory device to a second computer system computer-readable memory, the electronic listing;

(6) generating, using a second computer system which is operatively connected to the second computer system computer-readable memory, a multi-signature digital asset account capable of holding one or more digital math-based assets that are tracked by a decentralized digital asset network that uses a decentralized electronic ledger in the form of a blockchain maintained by a plurality of physically remote computer systems,

wherein the multi-signature digital asset account is associated with each of the N respective public keys,

wherein a second fixed number M of the N respective private keys are required to authorize a transaction with respect to the digital assets held in association with the multi-signature digital asset account, and

wherein the second fixed number M is an integer greater than or equal to two and the second fixed number M is less than N, and N is an integer;

(7) generating, using the second computer system, a first transaction to transfer an amount of the digital-math-based assets to the multi-signature digital asset account, the first transaction being digitally signed by a funding account private key associated with a funding account; and

(8) publishing, using the second computer system, the first transaction to the blockchain.

2. The system of claim 1 , further comprising, (c) destroying the isolated computing device.

3. The system of claim 1 , wherein the plurality of N removable computer-readable memory devices comprise a storage medium of a type selected from the group consisting of: computer hard drive, disk, tape, memory card, flash memory, CD-ROM, and DVD.

4. The system of claim 1 , wherein each of the plurality of N removable computer-readable memory devices is stored in a different geographically remote vault.

5. The system of claim 1 , wherein the different geographically remote vault is an electronic vault.

6. The system of claim 1 , wherein the one or more digital math-based assets are bitcoins.

7. The system of claim 1 , wherein the one or more digital math-based assets are litecoins.

8. The system of claim 1 , wherein the one or more digital math-based assets are ether.

9. The system of claim 1 , wherein the digital asset account administrative system is associated with a trust.

10. The system of claim 1 , wherein the digital asset account administrative system is associated with a financial product.

11. The system of claim 1 , wherein the instructions, when executed by the one or more processors, cause the one or more processors to perform, for each respective removable computer-readable memory device of the N removable computer-readable memory devices, the further steps of:

(9) generating, using the second computer system, a second transaction to transfer a second amount of the digital-math-based assets from the at least one multi-signature digital asset account;

(10) transferring, from the second computer system to one or more transaction removable computer-readable memory devices, the second transaction;

(11) for each of M of the N removable computer-readable memory devices, operatively connecting at least one of the one or more transaction removable computer readable memory devices, and digitally signing, using the respective private key of the respective M of N removable computer-readable memory devices, the second transaction;

(12) transferring, from the one or more transaction removable computer-readable memory device to a third computer system, each of the M of N digital signatures and the second transaction; and

(13) publishing, using the third computer system, the second transaction to the blockchain including each of the M of N digital signatures.

12. The system of claim 11 , wherein the third computer system is different from the second computer system.

13. The system of claim 11 , wherein the one or more transaction removable computer-readable memory devices comprise a storage medium of a type selected from the group consisting of: computer hard drive, disk, tape, memory card, flash memory, CD-ROM, and DVD.

14. The system of claim 1 , wherein the instructions, when executed by the one or more processors, cause the one or more processors to perform, for each respective removable computer-readable memory device of the N removable computer-readable memory devices, the further steps of:

(9) generating, using the second computer system, a second transaction to transfer a second amount of the digital-math-based assets from the at least one multi-signature digital asset account;

(10) transferring, from the second computer system to one or more transaction removable computer-readable memory devices, the second transaction;

(11) for each of M of the N removable computer-readable memory devices, operatively connecting at least one of the one or more transaction removable computer readable memory devices, and digitally signing, using the respective private key of the respective M of N removable computer-readable memory devices, the second transaction;

(12) transferring, from the one or more transaction removable computer-readable memory devices to the second computer system, each of the M of N digital signatures; and

(13) publishing, using the second computer system, the second transaction to the blockchain including each of the M of N digital signatures.

15. The system of claim 14 , wherein the one or more transaction removable computer-readable memory devices comprise a storage medium of a type selected from the group consisting of: computer hard drive, disk, tape, memory card, flash memory, CD-ROM, and DVD.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Nov 22, 2021
From: WINKLEVOSS IP, LLC
To: GEMINI IP, LLC
Reel/Frame 058223/0470 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 1, 2020
From: WINKLEVOSS, CAMERON HOWARD; WINKLEVOSS, TYLER HOWARD; GREEBEL, EVAN LOUIS; MORIARTY, KATHLEEN HILL; XETHALIS, GREGORY ELIAS
To: WINKLEVOSS IP, LLC
Reel/Frame 052801/0607 →
Continuity (19)
Continuation 16380123 · Apr 10, 2019
Continuation 16000292 · Jun 5, 2018
Continuation 14320900 · Jul 1, 2014
Continuation In Part 14318456 · Jun 27, 2014
Provisional Application 61989047 · May 6, 2014
Provisional Application 61986685 · Apr 30, 2014
Provisional Application 61978724 · Apr 11, 2014
Provisional Application 61971981 · Mar 28, 2014
Provisional Application 61955017 · Mar 18, 2014
Provisional Application 61933428 · Jan 30, 2014
Provisional Application 61920534 · Dec 24, 2013
Provisional Application 61903245 · Nov 12, 2013
Provisional Application 61900191 · Nov 5, 2013
Provisional Application 61891294 · Oct 15, 2013
Provisional Application 61857691 · Jul 23, 2013
Provisional Application 61857141 · Jul 22, 2013
Provisional Application 61856323 · Jul 19, 2013
Provisional Application 61841760 · Jul 1, 2013
Provisional Application 61841177 · Jun 28, 2013
Cited By (2)
US 12,348,651 US 12,463,829