US Patent Issued to nChain Licensing on May 5 for "Devices and methods for consolidating serialized tokens" (British Inventors)

ALEXANDRIA, Va., May 5 -- United States Patent no. 12,621,154, issued on May 5, was assigned to nChain Licensing AG (Zug, Switzerland).

"Devices and methods for consolidating serialized tokens" was invented by Steven Patrick Coughlan (London), Wei Zhang (London) and Chloe Tartan (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods and computing devices for consolidating tokens in a token system. The method may include receiving an instruction to consolidate two or more serialized tokens, each token having a respective serial number that includes a root identifier, a denomination code, and a leaf identifier allocated to that denomination code. The tokens are of denominations that, when summed, equat...