Forge Global has been granted a patent for a method involving token escrow swaps on a network of nodes. The process includes transferring security tokens and currency tokens between buyer and seller nodes via a token escrow swap node. GlobalData’s report on Forge Global gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Forge Global, was a key innovation area identified from patents. Forge Global's grant share as of May 2024 was 10%. Grant share is based on the ratio of number of grants to total number of patents.
Token escrow swap method on network of nodes
A recently granted patent (Publication Number: US11961141B2) discloses a computer-implemented method for executing a token escrow swap on a network of nodes. The method involves enabling a broker-dealer node to sign buy and sell order transactions, transferring currency and security tokens between nodes, and facilitating the exchange process. The system allows for the secure transfer of tokens between buyers and sellers, ensuring a smooth and efficient transaction process.
Furthermore, the patent also describes a system and a computer-readable storage medium that enable the broker-dealer node to sign order transactions, transfer tokens, and facilitate the exchange process. The system includes hardware processors and non-transitory memory storing instructions for executing the method. The computer-readable storage medium carries instructions for enabling the broker-dealer node to sign transactions, transfer tokens, and ensure the secure exchange of currency and security tokens. Overall, the patent outlines a comprehensive system and method for executing token escrow swaps on a network of nodes, providing a secure and efficient platform for token exchanges.
To know more about GlobalData’s detailed insights on Forge Global, buy the report here.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
