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:
Sep. 02, 2025
Filed:
Jun. 25, 2021
Verona Holdings Sezc, George Town, KY;
Jonathan Yantis, Grants Pass, OR (US);
William Edward Quigley, Pacific Palisades, CA (US);
Lukasz Jakub Sliwka, Long Beach, CA (US);
VERONA HOLDINGS SEZC, George Town, KY;
Abstract
In embodiments of the present invention, methods are provided for receiving a request to collateralize a collateral item of a user seeking a loan, along with information and a photograph of the collateral item. A processing system may generate a virtual representation of the collateral item based on the information and photograph and generate a digital token based on the virtual representation. Ownership of the digital token may be assigned to the user seeking the loan and an instance of a smart contract governing the loan may be generated and deployed, the instance of the smart contract indicating an amount to be paid back by the user to the lender and one or more conditions that cause ownership of the digital token to be transferred to the lender.