US Patent Issued to TRETE on May 26 for "Asset fractionalization algorithm" (Texas, Michigan Inventors)

ALEXANDRIA, Va., May 26 -- United States Patent no. 12,639,758, issued on May 26, was assigned to TRETE Inc. (Prosper, Texas).

"Asset fractionalization algorithm" was invented by Damien Patton (Plano, Texas) and Christian Gratton (Eaton Rapids, Mich.).

According to the abstract* released by the U.S. Patent & Trademark Office: "In certain aspects of the disclosure, a computer-implemented method includes receiving information regarding characteristics of an asset. The method includes tokenizing at least one digital asset representing fractional shares in the asset. The method includes determining the initial share price. The method includes updating a capitalization table based on the number shares and share price. The method includes perfo...