US Patent Issued to CIRCLE INTERNET GROUP on June 16 for "Converting bridged tokens to native tokens on a blockchain" (Massachusetts, New York, California Inventors)

ALEXANDRIA, Va., June 16 -- United States Patent no. 12,657,582, issued on June 16, was assigned to CIRCLE INTERNET GROUP INC. (New York).

"Converting bridged tokens to native tokens on a blockchain" was invented by Long Nguyen (Boston), Adrian Soghoian (Brooklyn, N.Y.), Boyan Lin (Woodside, Calif.), Marcus Boorstin (Somerville, Mass.) and James Hinck (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Certain aspects of the present disclosure provide techniques for converting a bridged token on a blockchain to a native token on the blockchain. An example method generally includes pausing a token bridge between a first blockchain and a second blockchain. Minting privileges on the second blockchain...