Abstract: In some embodiments, a network node for securing physical assets may be provided. The network node may include a processor and a memory storing instructions. The network may be configured to: receive, from a first entity, a cryptographic data structure configured to identify a physical item stored in a secured location; in response to receiving the cryptographic data structure, generate and transmit to the first entity a plurality of fungible cryptographic items; secure the cryptographic data structure on a public data structure, such that the cryptographic data structure cannot be released unless the plurality of fungible cryptographic items are received; receive, from a second entity, the plurality of fungible cryptographic items; and in response to receiving the plurality of fungible cryptographic items, transmit to the second entity the cryptographic data structure.
Abstract: Systems and methods for administering fractionalized interests in assets in a decentralized network are described. In some embodiments, a system may be configured to receive a first plurality of fungible tokens representing fractionalized interests in a first asset and a second plurality of fungible tokens representing fractionalized interests in a second asset. The system may be configured to receive a message from a user. In response to receiving the message from the user, the system may be configured to transfer to the user a randomized set of fungible tokens to the user, the randomized set comprising one or more of the fungible tokens of both the first plurality of fungible tokens and the second plurality of fungible tokens.
Type:
Application
Filed:
October 5, 2021
Publication date:
January 27, 2022
Applicant:
Collectible Holdings Inc.
Inventors:
Evan Vandenberg, Till Mueller, Thomas Mack
Abstract: Systems and methods for administering fractionalized interests in physical assets in decentralized networks are described. In some embodiments, a system may include a memory storing instructions defining a smart contract, which may be configured to be stored on a decentralized ledger. The smart contract may be configured to receive a non-fungible token comprising data identifying a physical asset. In response to receiving the non-fungible token, the smart contract may be configured to generate a plurality of fungible tokens of a token category associated with the physical asset. The smart contract may be configured to transfer ownership of the plurality of fungible tokens to a first account. The smart contract may be configured to receive, from a second account, a collection of N fungible tokens of the token category associated with the physical asset and, in response, transfer ownership of the non-fungible token to the second account.