US 12,008,526 B2
Computer system and method for programmatic collateralization services
Patrick D. O'Meara, Northville, MI (US); Richard Gates Bunker, Jr., Jenkintown, PA (US); Quentin Vidal, Brooklyn, NY (US); Scott Jason Landers, Madison Heights, MI (US); Jeannette L. Spaulding, Miami, FL (US); Kevin M. Cuddeback, Medford, MA (US); Sanjay Vatsa, Manalapan, NJ (US); David Todd Stevens, Short Hills, NJ (US); Michael Carlo Creadon, Chicago, IL (US); and Christos Alkiviadis Polyzois, Bloomington, MN (US)
Assigned to Inveniam Capital Partners, Inc., New York, NY (US)
Filed by Inveniam Capital Partners, Inc., New York, NY (US)
Filed on Mar. 26, 2022, as Appl. No. 17/705,289.
Claims priority of provisional application 63/224,431, filed on Jul. 22, 2021.
Claims priority of provisional application 63/170,006, filed on Apr. 2, 2021.
Claims priority of provisional application 63/166,344, filed on Mar. 26, 2021.
Prior Publication US 2022/0309479 A1, Sep. 29, 2022
Int. Cl. G06Q 20/06 (2012.01); G06Q 40/03 (2023.01)
CPC G06Q 20/0658 (2013.01) [G06Q 40/03 (2023.01)] 23 Claims
OG exemplary drawing
 
1. An automated method of collateralizing an illiquid asset, the method comprising the steps of:
receiving, by a first server, an electronic document comprising a digital representation of the illiquid asset, the digital representation identifying a financial interest in the illiquid asset by a borrower;
hashing, by the first server, the digital representation of the illiquid asset to generate a first hash value;
recording, by the first server, the first hash value on a first blockchain;
storing, by the first server, the digital representation of the illiquid asset at a first memory location;
generating, by the first server, an asset-information table that associates a location of the first hash value on the first blockchain with the first memory location;
receiving, by the first server, an asset-valuation data concerning the illiquid asset;
storing, by the first server, the asset-valuation data at a second memory location;
hashing, by the first server, the asset-valuation data to generate a second hash value;
recording, by the first server, the second hash value on the first blockchain;
updating, by the first server, the asset-information table to associate a location of the second hash value on the first blockchain with the second memory location;
generating, by a second server, an asset-value token comprising an association with the updated asset-information table;
recording, by the second server, the asset-value token on a second blockchain;
determining, by the second server, an amount of digital currency for an automated digital transaction based on a programmed set of rules using the asset-value as a parameter;
generating, by the second server, a data structure comprising a self-executing digital program for performing the automated digital transaction, the data structure including the asset-value token; and
recording the data structure on the second blockchain;
wherein the automated digital transaction involves loaning the amount of digital currency at a rate of interest determined using the programmed set of rules, and wherein the illiquid asset, via the asset-value token, constitutes a collateral for the amount of digital currency being loaned.