Share on LinkedInShare on LinkedIn

ARTICLE · 11 AUGUST 2017

New Patent Awarded For Cryptocurrency Settlement System

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
Contributor
Hogan Lovells Cadwalader

Hogan Lovells Cadwalader

Hogan Lovells Cadwalader is a global law firm trusted by clients to deliver on complex, high-stakes...

View firm profile
Explore more from Hogan Lovells Cadwalader

The U.S. Patent and Trademark Office granted a patent to Goldman Sachs for a cryptocurrency settlement system.

United StatesIntellectual Property

The U.S. Patent and Trademark Office granted a patent to Goldman Sachs for a cryptocurrency settlement system. According to a CoinDesk article, the patent (U.S. Patent No. 9,704,143) was awarded on July 11, 2017, and covers the Goldman Sachs "SETLcoin" cryptocurrency settlement system. Goldman Sachs describes the settlement system technology as designed to "substantively instantly settle securities, based on cryptographic currency technology, without the risks associated with traditional settlement technologies."

Commentary / Howard Wizenfeld

Financial institutions like Goldman Sachs now more than ever are leveraging technology in creating innovative financial products and services. We expect blockchain-related products, including, but in no way limited to, cryptocurrencies, to be a significant part of these institutions' products and service offerings going forward. All financial institutions should be focused on the potential for developing technologies as to

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

See more popular content from