The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Dec. 10, 2019
Filed:
Dec. 08, 2015
Fmr Llc, Boston, MA (US);
Thomas McGuire, Galway, IE;
Amanda Chiu, San Francisco, CA (US);
Xinxin Sheng, Cary, NC (US);
Jonathan Hromi, Watertown, MA (US);
Raghav Chawla, Cambridge, MA (US);
FMR LLC, Boston, MA (US);
Abstract
The Social Aggregated Fractional Equity Transaction Partitioned Acquisition Apparatuses, Methods and Systems, ('SAFETPA') transforms fractional equity ownership purchase request inputs via SAFETPA components into transaction confirmation outputs. A Fractional Order Generation component receives a purchase request for a fractional order of an equity via a data communication network interface from a client terminal of a client having a source of funds and having a public encryption key, determines a purchase price for the fractional order of the equity by retrieving a quote for a price of a share of the equity, confirms that the source of funds contains at least the purchase price; and generates a trade order for the share of the equity. A Fractional Order Placement component obtains the trade order from Fractional Order Generation Component, transmits the trade order to a trade execution server via the data communication network, and receives a confirmation of an execution of the trade order from the trade execution server via the data communication network. A Blockchain Recordation Component receives the confirmation from the Fractional Order Placement Component, records the confirmation, the fractional share and the public key of the client in a block data structure, records the block data structure in a blockchain, wherein each block data structure of the blockchain comprises a hash of a prior block data structure in the blockchain in order to secure the blockchain from tampering, and transmits the confirmation to the client terminal via the data communication network for display to the client.