US Patent Issued to Custodia Band on March 17 for "Cryptographic token with separate circulation groups" (Wyoming, California, New York, Texas Inventors)

ALEXANDRIA, Va., March 17 -- United States Patent no. 12,579,525, issued on March 17, was assigned to Custodia Band Inc. (Cheyenne, Wyo.).

"Cryptographic token with separate circulation groups" was invented by Caitlin Frances Long (Cheyenne, Wyo.), Bryan Allen Bishop (Austin, Texas), Zev Naftali Shimko (San Francisco), Britney Dawn Reddy (Cheyenne, Wyo.) and Charles Daniel Thompson (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A custom cryptographic token and smart contract that is configured to exist in one of two groups and is issued by the same bank or depository institution that also collects corresponding fiat currency deposits. The two groups are a circulation group and a non-circulation gro...