Patents Assigned to CFT Exchange Corp.
  • Patent number: 12380416
    Abstract: A cryptographic digital asset (CDA) marketplace for monitoring a lifecycle item through an item lifecycle leverages data provided to a compliance authority. A CDA is created based on an identifier associated with the lifecycle item used to report lifecycle item information to the compliance authority. The CDA is recorded in a digital ledger and is presented for sale through an online marketplace. After sale, a final disposition of the lifecycle item reported to the compliance authority is received. This final disposition represents one of (a) a predetermined successful completion event or (b) an unsuccessful completion event, and is verifiable using the information reported to the compliance authority. The CDA is updated in the digital ledger, and when the final disposition is associated with the predetermined successful completion event, distribution of funds is initiated directly or indirectly from the operator account to the user account for a predetermined redemption value.
    Type: Grant
    Filed: July 13, 2022
    Date of Patent: August 5, 2025
    Assignee: CFT Exchange Corp.
    Inventors: Melissa S. Goldberg, Elijah D. Goldberg, Lewis D. Goldberg