US Patent Issued to Equity Shift on Sept. 1 for "Distributed ledger-based system for generating and automatically executing liquidation events for non-ownership-based securities" (North Carolina Inventor)

ALEXANDRIA, Va., Sept. 1 -- United States Patent no. 12,725,138, issued on Sept. 1, was assigned to Equity Shift Inc. (Raleigh, N.C.).

"Distributed ledger-based system for generating and automatically executing liquidation events for non-ownership-based securities" was invented by Thomas Marshall Gordon III (Raleigh, N.C.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A platform receives selection of details of a non-ownership-based security from an administrator profile, such as participation rules, distribution rules, and liquidation value rules. The system automatically integrates with an internal database or external database to record parameters of potential participants in the security on an immutable,...