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.

Date of Patent:
Jul. 21, 2026

Filed:

Apr. 04, 2022
Applicant:

Blackrock Finance, Inc., New York, NY (US);

Inventors:

Robert Mitchnick, New York, NY (US);

Jonathan Steel, New York, NY (US);

Assignee:

BlackRock Finance, Inc., New York, NY (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 20/36 (2012.01); G06Q 40/06 (2012.01);
U.S. Cl.
CPC ...
G06Q 20/3672 (2013.01); G06Q 20/3678 (2013.01); G06Q 40/06 (2013.01); G06Q 2220/00 (2013.01);
Abstract

Shares in a fund, such as a money market fund ('MMF'), may be created in a digitized format using distributed ledger technology (“DLT”). The digitized shares correspond to physical shares of the MMF that may be obtained at an exchange. The digitized shares may be stored in a distributed ledger, such as a blockchain. The DLT provides for instantaneous transfer of the digitized shares using digital signatures. The digitized shares may be used as collateral, such that a first entity maintains ownership of physical shares in the MMF while transferring control of the digitized shares in the distributed ledger to a second entity.


Find Patent Forward Citations

Mitchnick, Robert. (2026). System and method for using data in digitized blocks in a blockchain as collateral (U.S. Patent No. 12688497). U.S. Patent and Trademark Office. https://idiyas.com/patent/badge/12688497

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

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