IP Library Granted Patent US 11,748,811
Granted Patent B1
US 11,748,811 · App. 18/066,669 · Granted Sep 5, 2023

Blockchain instrument for transferable equity

Inventors: Thomas Marshall Gordon, III (Raleigh, NC); Joseph W. Forbes, Jr. (Raleigh, NC); Gregory Frederick Bush (Cary, NC)
Assignee: EQUITY SHIFT, INC.
G06Q40/04G06Q20/0658G06Q20/3678G06Q20/389H04L9/0637H04L9/0643G06Q2220/00
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Quick Facts
Patent No.
US 11,748,811
App. No.
18/066,669
Granted
Sep 5, 2023
Kind
B1
Abstract

Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.

Claims (43)

1. A system for performing transactions of tokenized securities during a tokenized securities offering, comprising:

a distributed ledger-based tokenized securities platform in network communication with a server computer for a tokenized securities offering entity and at least one user device;

wherein the distributed ledger-based tokenized securities platform deploys tokenized securities contracts for the tokenized securities on the distributed ledger-based tokenized securities platform;

wherein the server computer for the tokenized securities offering entity receives user input data from the at least one user device for registering to purchase at least one securities token via a graphical user interface (GUI);

wherein the server computer sends a link to documents related to the at least one securities token to the at least one user device;

wherein the at least one user device reviews and signs the documents related to the at least one securities token;

wherein the distributed ledger-based tokenized securities platform records the tokenized securities contracts for the transactions of the tokenized securities on a distributed ledger;

wherein the distributed ledger-based tokenized securities platform retires a node of the distributed ledger and adds new nodes to the distributed ledger using the retired node as a genesis node;

wherein each of the at least one user device is associated with at least one unique, personalized watermark; and

wherein the distributed ledger-based tokenized securities platform automatically embeds the at least one unique, personalized watermark into documents uploaded and/or updated by the at least one user device.

2. The system of claim 1 , wherein an escrow account on the distributed ledger-based tokenized securities platform receives a currency for the at least one securities token from a uniquely identified account, and wherein the uniquely identified account receives the at least one securities token.

3. The system of claim 1 , wherein the distributed ledger-based tokenized securities platform receives confirmation through use of the at least one unique, personalized watermark that the documents have been downloaded by the at least one user device.

4. The system of claim 1 , wherein the tokenized securities contracts comprise at least one proxy contract configured for contract ownership transfer from one unique identifier to another unique identifier based on individual contractual terms being met or completion of the tokenized securities contracts.

5. The system of claim 1 , wherein the distributed ledger-based tokenized securities platform provides aggregate sales and aggregate purchases of the tokenized securities.

6. The system of claim 1 , wherein the at least one user device triggers an off-ledger transaction for a predetermined amount of fiat currency for the at least one securities token from a bank account using an escrow contract on the distributed ledger-based tokenized securities platform.

7. The system of claim 1 , wherein the tokenized securities offered by the tokenized securities offering entity are Blockchain Instrument for Transferrable Equity (BITE) tokens.

8. The system of claim 7 , wherein the server computer receives a return of the BITE tokens, and wherein the server computer offers the BITE tokens for sale after restocking the BITE tokens.

9. The system of claim 1 , wherein an escrow account on the distributed ledger-based tokenized securities platform holds a predetermined amount of currency and the at least one securities token until a predetermined threshold is reached for release, and wherein the predetermined threshold is a date, a number of investors invested, or a minimum raise from the tokenized securities offering.

10. The system of claim 1 , wherein the distributed ledger-based tokenized securities platform provides a trustee account or a centralized wallet to facilitate transactions with fiat currencies and non-accepted cryptocurrencies.

11. A system for performing transactions of tokenized securities during a tokenized securities offering, comprising:

a server computer for a tokenized securities offering entity in network communication with a distributed ledger-based tokenized securities platform and at least one user device; and

wherein the server computer deploys tokenized securities contracts for the tokenized securities on the distributed ledger-based tokenized securities platform;

wherein the at least one user device transmits a currency for at least one securities token and receive the at least one securities token;

wherein the distributed ledger-based tokenized securities platform records the tokenized securities contracts for the transactions of the tokenized securities on a distributed ledger;

wherein the distributed ledger-based tokenized securities platform retires a node of the distributed ledger and adds new nodes to the distributed ledger using the retired node as a genesis node;

wherein each of the at least one user device is associated with at least one unique, personalized watermark; and

wherein the distributed ledger-based tokenized securities platform automatically embeds the at least one unique, personalized watermark into documents uploaded and/or updated by the at least one user device.

12. The system of claim 11 , wherein the server computer receives a return of the at least one securities token.

13. The system of claim 11 , wherein the distributed ledger-based tokenized securities platform provides a trustee account or a centralized wallet to facilitate transactions with fiat currencies and non-accepted cryptocurrencies.

14. The system of claim 11 , wherein the distributed ledger-based tokenized securities platform provides a multiplicity of data visibility categories for participants regarding data related to the tokenized securities offering entity; and wherein the multiplicity of data visibility categories are assigned to participants based on user profile data of the participants and access clearances of the participants.

15. The system of claim 11 , wherein the distributed ledger-based tokenized securities platform provides an aggregate contract between a first party and a multiplicity of parties, wherein the multiplicity of parties includes investors and parties included in proxy contracts and escrow contracts, and wherein the aggregate contract allows the first party to make transactions on behalf of the multiplicity of parties and also allows the first party to make transactions with the multiplicity of parties.

16. A method for performing transactions of tokenized securities during a tokenized securities offering, comprising:

providing a distributed ledger-based tokenized securities platform in network communication with at least one user device and a server computer for a tokenized securities offering entity;

the server computer deploying tokenized securities contracts on the distributed ledger-based tokenized securities platform;

the distributed ledger-based tokenized securities platform recording at least one tokenized securities contract for the transaction of the at least one securities token on a distributed ledger;

the distributed ledger-based tokenized securities platform retiring a node of the distributed ledger and adding new nodes to the distributed ledger using the retired node as a genesis node;

each of the at least one user device being associated with at least one unique, personalized watermark; and

the distributed ledger-based tokenized securities platform automatically embedding the at least one unique, personalized watermark into documents uploaded and/or updated by the at least one user device; and

the distributed ledger-based tokenized securities platform receiving confirmation that the documents have been downloaded by the at least one user device through use of the at least one unique, personalized watermark.

17. The method of claim 16 , further comprising the distributed ledger-based tokenized securities platform retiring nodes of the distributed ledger at a predetermined node such that prior nodes are not active and synchronized with all nodes connected to the distributed ledger-based tokenized securities platform.

18. The method of claim 16 , further comprising the server computer sending a link to documents related to the at least one securities token to the at least one user device and the distributed ledger-based tokenized securities platform receiving confirmation that the documents have been downloaded by the at least one user device.

19. The method of claim 16 , wherein the distributed ledger-based tokenized securities platform provides a trustee account or a centralized wallet to facilitate transactions with fiat currencies and non-accepted cryptocurrencies.

20. The method of claim 16 , wherein the tokenized securities offered by the tokenized securities offering entity are Blockchain Instrument for Transferrable Equity (BITE) tokens.

Assignments (2)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 19, 2022
From: GORDON, THOMAS MARSHALL, III; FORBES, JOSEPH W., JR.; BUSH, GREGORY FREDERICK
To: CAUSAM ENTERPRISES, INC.
Reel/Frame 062144/0929 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Dec 19, 2022
From: CAUSAM ENTERPRISES, INC.
To: EQUITY SHIFT, INC.
Reel/Frame 062144/0937 →
Continuity (4)
Continuation 16910936 · Jun 24, 2020
Continuation 16518329 · Jul 22, 2019
Continuation In Part 16271447 · Feb 8, 2019
Provisional Application 62630559 · Feb 14, 2018