US Patent Issued to Precidian Investments on June 2 for "Asset-backed digital tokens" (New Jersey, Pennsylvania Inventors)

ALEXANDRIA, Va., June 2 -- United States Patent no. 12,646,040, issued on June 2, was assigned to Precidian Investments LLC (Newtown, Pa.).

"Asset-backed digital tokens" was invented by Daniel Joseph McCabe (Upper Saddle River, N.J.), Paul Edward Kuhnle (Doylestown, Pa.) and Mark Steven Criscitello (Colts Neck, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Methods, systems, and apparatus, including computer programs encoded on computer-storage media, for, e.g., generating a private cryptographic key and public cryptographic key as a cryptographic key pair; storing the private cryptographic key and the public cryptographic key in a trusted execution environment (TEE); generating a smart contract configu...