IP Library Granted Patent US 12,165,136
Granted Patent B2
US 12,165,136 · App. 17/612,148 · Granted Dec 10, 2024

Method and system for managing life cycle of a tokenized real asset in a blockchain-based ecosystem

Inventor: Suresh Nichani (Iselin, NJ)
G06Q20/3678G06Q20/401G06Q40/04G06Q50/16G06Q2220/00
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Quick Facts
Patent No.
US 12,165,136
App. No.
17/612,148
Granted
Dec 10, 2024
Kind
B2
Abstract

Disclosed is a method and system for managing life cycle of a tokenized real asset in a Blockchain-based ecosystem 100 . The asset tokens of the real asset are put up for sale on a token issuance platform 118 and the proceeds from the sale are distributed to the asset owner, etc. The listing of asset tokens in the Blockchain-based ecosystem 100 requires project consensus which involves participation of key stakeholders who own utility tokens to participate in the community decision making. The asset tokens are then subjected to trading and maintenance which includes maintaining money flow corresponding to the real asset, selling the asset tokens by the asset token holders via an asset token exchange 808 , and settlement of rewards to asset token holders via a settlement engine 810 . Upon the end-of-term of the real asset, the asset tokens are terminated, and exit is enabled from the Blockchain-based ecosystem 100.

Claims (64)

1. A method comprising:

in a Blockchain-based ecosystem including processing circuitry:

enabling, by the processing circuitry, staking of one or more utility tokens by one or more stakeholders based on deposit of the one or more utility tokens into smart contracts on the Blockchain-based ecosystem;

providing, by the processing circuitry, the one or more stakeholders access to one or more functions or services on the Blockchain-based ecosystem based on the staking of the one or more utility tokens;

enabling, by the processing circuitry, submission of one or more project proposals for tokenization of a real asset on the Blockchain-based ecosystem, wherein the submission of the one or more project proposals is by one or more asset owners;

receiving, by the processing circuitry, the real asset from the one or more asset owners for the tokenization, wherein the reception of the real asset is based on the submission of the one or more project proposals;

enabling, by the processing circuitry, voting by the one or more stakeholders for achieving network consensus on the one or more project proposals in the Blockchain-based ecosystem;

enabling, by the processing circuitry, project onboarding of the one or more project proposals on the Blockchain-based ecosystem subject to the network consensus in the Blockchain-based ecosystem;

generating, by the processing circuitry via a token issuance platform, one or more asset tokens for the real asset to tokenize the real asset, wherein

the generation of the one or more asset tokens is based on the submission of the one or more project proposals, and

the real asset is handed over to a custodian;

putting up, by the processing circuitry, the one or more asset tokens for sale on the token issuance platform,

wherein proceeds from the sale are disbursed to the one or more asset owners, and

wherein asset token contracts are deployed automatically on the Blockchain-based ecosystem by the smart contracts with standard specific variables, and the asset token contracts are subjected to a code audit;

distributing, by the processing circuitry, the one or more asset tokens to one or more purchasers or investors of the real asset in relation to the sale, wherein the one or more purchasers or investors are asset token holders;

enabling, by the processing circuitry, trading and maintenance of the one or more asset tokens in the Blockchain-based ecosystem, wherein the trading and maintenance comprises at least one of:

maintaining money flow corresponding to the real asset by an operator managing the real asset, or

selling, by the asset token holders, the asset tokens via an asset token exchange; and

terminating, by the processing circuitry, the one or more asset tokens, and enabling exit from the Blockchain-based ecosystem upon an end-of-term of the real asset.

2. The method of claim 1 , wherein the real asset is a real estate property.

3. The method of claim 1 , wherein each of the one or more stakeholders is at least one of a project proposer (GPs/property owners/developers), an investor (limited partners), an investment committee, a qualified service provider, or a general participant.

4. The method of claim 1 , wherein the one or more functions or services comprise at least one of regulation enforcement, acting as arbiters, voting on changes to a network, submission of proposals for voting, asset development services, legal counsel, or brokering or asset management.

5. The method of claim 1 , further comprising gamifying, by the processing circuitry, project onboarding and extending expression of project interest to ordinary users such as one of prospects users or platform users of the Blockchain-based ecosystem, wherein

the real asset is vetted before the tokenization, and

the one or more asset tokens are issued by consensus of both network participants and a professional investment committee.

6. The method of claim 1 , wherein the maintaining of the money flow corresponding to the real asset comprises:

receiving, by the operator, the money flow corresponding to the real asset; and

computing, by the processing circuitry, profit for the asset token holders after deducting expenses and fees in relation to the money flow.

7. The method of claim 6 , wherein the expenses and fees comprise at least one of property management fee for maintaining property and operating costs.

8. The method of claim 1 , wherein the trading and maintenance further comprises settling of rewards to the asset token holders via a settlement engine of the Blockchain-based ecosystem.

9. The method of claim 1 , wherein the enabling of the exit comprises at least one of buyback of the real asset from initial property owner, full sale of the real asset, or partial exit for the investors.

10. A Blockchain-based ecosystem, comprising:

a memory; and

processing circuitry communicatively coupled to the memory, wherein the processing circuitry is configured to:

enable staking of one or more utility tokens by one or more stakeholders based on deposit of the one or more utility tokens into smart contracts on the Blockchain-based ecosystem;

provide the one or more stakeholders access to one or more functions or services on the Blockchain-based ecosystem based on the staked one or more utility tokens;

enable submission of one or more project proposals, for tokenization of a real asset, on the Blockchain-based ecosystem by one or more asset owners;

receive, at the Blockchain-based ecosystem, the real asset from the one or more asset owners for the tokenization, wherein the reception of the real asset is based on the submission of the one or more project proposals;

enable voting, by the one or more stakeholders, for achievement of network consensus on the one or more project proposals in the Blockchain-based ecosystem;

enable project onboarding of the one or more project proposals on the Blockchain-based ecosystem subject to the network consensus in the Blockchain-based ecosystem;

generate, via a token issuance platform, one or more asset tokens for the real asset to tokenize the real asset, wherein

the generation of the one or more asset tokens is based on the submission of the one or more project proposals, and

the real asset is handed over to a custodian;

put up the one or more asset tokens for sale on the token issuance platform,

wherein proceeds from the sale are disbursed to the one or more asset owners, and

wherein asset token contracts are deployed automatically on the Blockchain-based ecosystem by the smart contracts with standard specific variables, and the asset token contracts are subjected to a code audit;

distribute the one or more asset tokens to one or more purchasers or investors of the real asset in relation to the sale, wherein the one or more purchasers or investors are asset token holders;

enable trade and maintenance of the one or more asset tokens in the Blockchain-based ecosystem, wherein the trade and maintenance comprises at least one of:

maintenance of money flow corresponding to the real asset by an operator managing the real asset, or

sell, by the asset token holders, the asset tokens via an asset token exchange; and

terminate the one or more asset tokens and enable exit from the Blockchain-based ecosystem upon an end-of-term of the real asset.

11. The Blockchain-based ecosystem of claim 10 , wherein the real asset is a real estate property.

12. The Blockchain-based ecosystem of claim 10 , wherein each of the one or more stakeholders is at least one of a Project Proposer (GPs/Property Owners/Developers), an Investor (Limited Partner), an Investment Committee, a Qualified Service Provider, or a General Participant.

13. The Blockchain-based ecosystem of claim 10 , wherein the one or more functions or services comprise at least one of regulation enforcement, acting as arbiters, voting on changes to a network, submission of proposals for voting, asset development services, legal counsel, or brokering or asset management.

14. The Blockchain-based ecosystem of claim 10 , wherein

the processing circuitry is further configured to gamify project onboarding and extend expression of project interest to ordinary users such as one of prospects users or platform users of the Blockchain-based ecosystem,

the real asset is vetted before the tokenization, and

the one or more asset tokens are issued by consensus of both network participants and a professional investment committee.

15. The Blockchain-based ecosystem of claim 10 , wherein the processing circuitry is further configured to:

receive, by the operator, the money flow corresponding to the real asset; and

compute profit for the asset token holders after deduction of expenses and fees in relation to the money flow.

16. The Blockchain-based ecosystem of claim 15 , wherein the expenses and fees comprise at least one of property management fee for maintenance of property and operating costs.

17. The Blockchain-based ecosystem of claim 10 , wherein the processing circuitry is further configured to settle rewards to the asset token holders via a settlement engine of the Blockchain-based ecosystem.

18. The Blockchain-based ecosystem of claim 10 , wherein the processing circuitry is further configured to enable the exit via at least one of buyback of the real asset from initial property owner, full sale of the real asset, or partial exit for the investors.

Continuity (2)
Provisional Application 62849162 · May 17, 2019
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