US Patent Issued to Numeraire Financial on June 23 for "Generating and managing encrypted non-fungible tokenized assets" (American, Emirati Inventors)

ALEXANDRIA, Va., July 15 -- United States Patent no. 12,665,757, issued on June 23, was assigned to Numeraire Financial Inc. (Abu Dhabi, United Arab Emirates).

"Generating and managing encrypted non-fungible tokenized assets" was invented by Alexander Lipton (Abu Dhabi, United Arab Emirates) and Thomas P. Hardjono (Winchester, Mass.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Techniques are described relating to the ownership and management of digital assets that are represented by non-fungible tokens (or "NFTs") on a blockchain. Trusted hardware is used to enable encrypted digital assets to be consumed solely by the owners of the encrypted digital assets and further to enable the transfer of ownership in...