US 12,265,953 B1
Systems, methods, and program products for non-custodial trading of digital assets on a digital asset exchange
Thomas Hungerford Harrison, New York, NY (US); Thomas Vaniotis, New York, NY (US); Brian Keogh, Rye, NY (US); Noah Cornwell, Berkeley Heights, NJ (US); Neeraj Mishra, Mountain Lakes, NJ (US); Ira Auerbach, Arverne, NY (US); and Jack Sutton, New Canaan, CT (US)
Assigned to Gemini IP, LLC, New York, NY (US)
Filed by Gemini IP, LLC, New York, NY (US)
Filed on Mar. 1, 2022, as Appl. No. 17/684,226.
Claims priority of provisional application 63/156,736, filed on Mar. 4, 2021.
Int. Cl. G06Q 40/00 (2023.01); G06Q 20/06 (2012.01); G06Q 20/36 (2012.01); G06Q 40/03 (2023.01); G06Q 40/04 (2012.01); H04L 9/00 (2022.01); H04L 9/08 (2006.01); H04L 9/32 (2006.01)
CPC G06Q 20/065 (2013.01) [G06Q 20/36 (2013.01); G06Q 40/03 (2023.01); G06Q 40/04 (2013.01); H04L 9/0825 (2013.01); H04L 9/3213 (2013.01); H04L 9/50 (2022.05); G06Q 2220/00 (2013.01); H04L 2209/56 (2013.01)] 20 Claims
OG exemplary drawing
 
1. A method comprising:
providing one or more databases, operatively connected to a digital asset exchange system associated with a digital asset exchange, which include:
an electronic exchange ledger associated with a first digital asset and indicating exchange account information associated with a customer exchange account;
an electronic interest ledger associated with the first digital asset including interest information associated with a customer interest bearing account; and
an electronic intermediary ledger associated with an intermediary including intermediary account information associated with a customer intermediary account;
receiving, by the digital asset exchange system and from a customer device, a first request to transfer an amount of the first digital asset from the customer exchange account to the customer interest bearing account;
transferring, by the digital asset exchange system, the amount of the first digital asset from the customer exchange account to the customer interest bearing account;
transferring, by the digital asset exchange system, the amount of the first digital asset from the customer interest bearing account to a customer intermediate account, the transferring including publishing a transfer message to a distributed public transaction ledger in the form of a blockchain wherein instructions to transfer are executed by geographically distributed computer systems in a peer-to-peer network;
determining, by the digital asset exchange system, a first interest payment for the first customer based at least in part on the interest information associated with the amount of the first digital asset;
storing, by the digital asset exchange system, data representing the first interest payment in the electronic interest ledger;
determining, by the digital asset exchange system, when to disburse the first interest payment based on a payment schedule;
transferring, by the digital asset exchange, the first interest payment from the customer interest bearing account to the customer exchange account;
determining a speed at which a block value was generated;
determining that the speed in which the block value was generated caused an increase in computing power that improves a likelihood of solving for new block values; and
providing an incentive to a digital asset miner in response to the increase in computing power.