Granted Patent B1

US 12,731,185 · App. 18/096,722 · Granted Sep 8, 2026

Inventors: Thomas Vaniotis (New York, NY); Brian Keogh (Rye, NY); Noah Cornwell (Berkeley Heights, NJ); Neeraj Mishra (Mountain Lakes, NJ); Ira Auerbach (Arverne, NY); Jack Sutton (New Canaan, CT)

Assignee: Gemini IP, LLC

G06Q40/04G06Q40/02G06Q40/055H04L9/50G06Q2220/00

Abstract

Claims (78)

1 . A method comprising:

receiving, from a first customer device, a first request to transfer a first amount of a first digital asset from a first customer exchange account associated with a first customer to a first customer interest-bearing account associated with the first customer;

transferring, utilizing a smart contract comprising computer-code configured to execute on multiple nodes of a decentralized computing network representing a blockchain automatically upon satisfaction of a condition, the first amount of the first digital asset from the first customer exchange account to the first customer interest-bearing account, wherein the transferring includes:

updating a first electronic exchange ledger to reflect transfer of the first amount of the first digital asset out of the first customer exchange account;

updating a first electronic interest account ledger to reflect the transfer of the first amount of the first digital asset into the first customer interest-bearing account, wherein the first electronic interest account ledger is associated with the first digital asset and includes, for customers of a digital asset exchange, respective interest-bearing account information associated with a respective customer interest-bearing account; and

generating a lending token associated with the first amount of the first digital asset;

generating, by a destroy tokens component, instructions related to destroying the lending token, wherein the instructions indicate when and with what authority lending tokens are to be destroyed, wherein the authority includes an indication that the lending token is to be destroyed upon return of a given interest payment amount in exchange for lending of the digital asset;

transferring, utilizing the smart contract, a second amount of the first digital asset from the first customer interest-bearing account to a customer intermediary account associated with the first customer and the first digital asset held by a first intermediary on behalf of the first customer, wherein the transferring incudes:

updating the first electronic interest account ledger to reflect the transfer of a second amount of the first digital asset out of the first customer interest-bearing account;

generating a first transfer message to transfer at least a portion of the second amount of the first digital asset;

publishing, to a first peer-to-peer network, the first transfer message, wherein computer systems of first geographically distributed computer systems in a first peer-to-peer network implement instructions to transfer at least a portion of the second amount of the first digital asset from a first digital address to a second digital address; and

updating an electronic intermediary ledger associated with the first intermediary, wherein the electronic intermediary ledger includes, for customers of the digital asset exchange, first respective intermediary account information associated with a respective customer intermediary account including a third respective digital asset balance indicating a fourth amount of the first digital asset held in the respective customer intermediary account and respective return information, wherein at least two of the first electronic exchange ledger, the first electronic interest account ledger and the electronic intermediary ledger are provided in at least two different databases;

determining a first interest payment amount for the first customer based at least on interest information associated with the digital asset exchange;

storing the first interest payment amount in the first electronic interest account ledger;

confirming receipt of the first interest payment amount at the first digital address;

destroying, utilizing the destroy tokens component and based at least in part on the instructions indicating the authority has been satisfied, the lending token in response to confirming receipt of the first interest payment amount at the first digital address, wherein destroying the lending token improves functioning of the blockchain and increases security of the blockchain;

updating the electronic intermediary ledger to reflect the transfer of the first interest payment amount out of the first customer intermediary account;

updating the first electronic interest account ledger to reflect receipt of the first interest payment amount into the first customer interest-bearing account; and

transferring, utilizing the smart contract, the first interest payment amount from the first customer interest-bearing account to the first customer digital exchange account.

2 . The method of claim 1 , wherein the first customer interest-bearing account is an omnibus account including deposits of the first digital asset associated with the customers of the digital asset exchange.

3 . The method of claim 1 , wherein at least a portion of the first amount of the first digital asset is loaned to third parties and return information indicates a respective return to be provided to a respective customer for loaning of the at least a portion of the first amount of the first digital asset.

4 . The method of claim 1 , wherein at least a portion of the first amount of the first digital asset is traded on the digital asset exchange by a third-party associated with the customer intermediary account and respective return information indicates a respective return amount to be provided to a respective customer for trading of the at least a portion of the first amount of the first digital asset.

5 . The method of claim 4 , wherein the respective return information includes a return payment schedule indicating when disbursements of the respective return amount are to be made to the respective customer.

6 . The method of claim 1 , wherein the first digital address is associated with an omnibus account associated with a plurality of customers of the digital asset exchange.

7 . A system comprising:

one or more processors; and

non-transitory computer-readable media storing instructions that, when executed by the one or more processors, cause the one or more processors to perform operations comprising:

receiving, from a first customer device, a first request to transfer a first amount of a first digital asset from a first customer exchange account associated with a first customer to a first customer interest-bearing account associated with the first customer;

transferring, utilizing a smart contract comprising computer-code configured to execute on multiple nodes of a decentralized computing network of a blockchain automatically upon satisfaction of a condition, the first amount of the first digital asset from the first customer exchange account to the first customer interest-bearing account, wherein the transferring includes:

updating a first electronic exchange ledger to reflect transfer of the first amount of the first digital asset out of the first customer exchange account;

updating a first electronic interest account ledger to reflect the transfer of the first amount of the first digital asset into the first customer interest-bearing account, wherein the first electronic interest account ledger is associated with the first digital asset and includes, for customers of a digital asset exchange, respective interest-bearing account information associated with a respective customer interest-bearing account; and

generating a lending token associated with the first amount of the first digital asset;

generating, by a destroy tokens component, instructions related to destroying the lending token, wherein the instructions indicate when and with what authority lending tokens are to be destroyed, wherein the authority includes an indication that the lending token is to be destroyed upon return of a given interest payment amount in exchange for lending of the digital asset;

transferring, utilizing the smart contract, a second amount of the first digital asset from the first customer interest-bearing account to a customer intermediary account associated with the first customer and the first digital asset held by a first intermediary on behalf of the first customer, wherein the transferring incudes:

updating the first electronic interest account ledger to reflect the transfer of the second amount of the first digital asset out of the first customer interest-bearing account;

generating a first transfer message to transfer at least a portion of the second amount of the first digital asset;

publishing, to a first peer-to-peer network, the first transfer message, wherein computer systems of first geographically distributed computer systems in a first peer-to-peer network implement instructions to transfer at least a portion of the second amount of the first digital asset from a first digital address to a second digital address; and

updating an electronic intermediary ledger associated with the first intermediary, wherein the electronic intermediary ledger includes, for customers of the digital asset exchange, first respective intermediary account information associated with a respective customer intermediary account including a third respective digital asset balance indicating a fourth amount of the first digital asset held in the respective customer intermediary account and respective return information, wherein at least two of the first electronic exchange ledger, the first electronic interest account ledger and the electronic intermediary ledger are provided in at least two different databases;

determining a first interest payment amount for the first customer based at least on interest information associated with the digital asset exchange;

storing the first interest payment amount in the first electronic interest account ledger;

confirming receipt of the first interest payment amount at the first digital address;

destroying, utilizing the destroy tokens component and based at least in part on the instructions indicating the authority has been satisfied, the lending token in response to confirming receipt of the first interest payment amount at the first digital address, wherein destroying the lending token improves functioning of the blockchain and increases security of the blockchain;

updating the electronic intermediary ledger to reflect the transfer of the first interest payment amount out of the first customer intermediary account;

updating the first electronic interest account ledger to reflect receipt of the first interest payment amount into the first customer interest-bearing account; and

transferring, utilizing the smart contract, the first interest payment amount from the first customer interest-bearing account to the first customer digital exchange account.

8 . The system of claim 7 , wherein the first digital address is associated with a segregated account associated with the first customer.

9 . The system of claim 7 , wherein the second digital address is associated with a smart contract.

10 . The system of claim 7 , the operations further comprising:

receiving, from the first customer device, an authentication request including first customer credential information associated with the first customer;

determining that the first customer device is authorized to access a digital asset exchange computer system based at least in part on the first customer credential information;

generating first machine-executable instructions including first graphical user interface information associated with a first graphical user interface; and

transmitting, to the first customer device, the first machine-executable instructions, wherein, upon execution of the first machine-executable instructions, the first customer device displays a first graphical user interface.

11 . The system of claim 7 , the operations further comprising determining a second interest payment amount for the first customer based on respective interest information associated with an amount of the first digital asset in the first customer interest-bearing account that does not include the first amount of the first digital asset.

12 . The system of claim 11 , wherein the second interest payment amount is stored in the first electronic interest account ledger and is associated with the first customer.

13 . The system of claim 7 , wherein the first interest payment amount is included in the interest information associated with the first customer interest-bearing account associated with the first customer.

14 . A method comprising:

receiving, from a first customer device, a first request to transfer a first amount of a first digital asset from a first customer exchange account associated with a first customer to a first customer interest-bearing account associated with the first customer;

updating a first electronic exchange ledger to reflect transfer of the first amount of the first digital asset out of the first customer exchange account;

updating a first electronic interest account ledger to reflect the transfer of the first amount of the first digital asset into the first customer interest-bearing account, wherein the first electronic interest account ledger is associated with the first digital asset and includes, for customers of a digital asset exchange, respective interest-bearing account information associated with a respective customer interest-bearing account;

transferring, utilizing a smart contract comprising computer-code configured to execute on multiple nodes of a decentralized computing network representing a blockchain automatically upon satisfaction of a condition, a second amount of the first digital asset from the first customer interest-bearing account to a customer intermediary account associated with the first customer and the first digital asset held by a first intermediary on behalf of the first customer, wherein the transferring incudes:

updating the first electronic interest account ledger to reflect the transfer of a second amount of the first digital asset out of the first customer interest-bearing account;

generating a first transfer message to transfer at least a portion of the second amount of the first digital asset;

generating a lending token associated with the first amount of the first digital asset;

generating, by a destroy tokens component, instructions related to destroying the lending token, wherein the instructions indicate when and with what authority lending tokens are to be destroyed, wherein the authority includes an indication that the lending token is to be destroyed upon return of a given interest payment amount in exchange for lending of the digital asset;

publishing, to a first peer-to-peer network, the first transfer message, wherein computer systems of first geographically distributed computer systems in a first peer-to-peer network implement instructions to transfer at least a portion of the second amount of the first digital asset from a first digital address to a second digital address; and

updating an electronic intermediary ledger associated with a first intermediary, wherein the electronic intermediary ledger includes, for customers of the digital asset exchange, first respective intermediary account information associated with a respective customer intermediary account including a third respective digital asset balance indicating a fourth amount of the first digital asset held in the respective customer intermediary account and respective return information;

determining a first interest payment amount for the first customer based at least on interest information associated with the digital asset exchange, wherein the first interest payment amount is denominated in a second digital asset maintained on a second distributed public transaction ledger by second geographically distributed computer systems in a second peer-to-peer network;

storing the first interest payment amount in the first electronic interest account ledger;

updating the electronic intermediary ledger to reflect the transfer of the first interest payment amount out of the first customer intermediary account;

updating the first electronic interest account ledger to reflect receipt of the first interest payment amount into the first customer interest-bearing account;

destroying, utilizing the destroy tokens component and based at least in part on the instructions indicating the authority has been satisfied, the lending token in response to confirming receipt of the first interest payment amount at the first customer interest-bearing account, wherein destroying the lending token improves functioning of the blockchain and increases security of the blockchain; and

transferring, utilizing the smart contract, the first interest payment amount from the first customer interest-bearing account to the first customer digital exchange account.

15 . The method of claim 14 , wherein a payment schedule indicates that interest payments are to be made based on receipt, by the first customer interest-bearing account, of a return from the first customer intermediary account.

16 . The method of claim 14 , further comprising:

generating a second transfer message including instructions to transfer a third amount of the first digital asset including the first interest payment amount from the first digital address to a third digital address associated with the first customer and a first digital signature associated with the first digital address; and

publishing, to the first peer-to-peer network, the second transfer message, wherein computer systems of the geographically distributed computer systems implements instructions to transfer the third amount of the first digital asset from the first digital address to the third digital address.

17 . The method of claim 14 , wherein a second customer intermediary account is associated with the first customer and the first digital asset is held by a second intermediary on behalf of the first customer.

18 . The method of claim 17 , wherein the first request includes intermediary selection information identifying at least one of the first intermediary and the second intermediary.

Assignments (1)

Continuity (1)

References Cited (18)