Patents by Inventor Sunil Hirani

Sunil Hirani has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20220058652
    Abstract: A method and device for executing the method to: control an unused transaction output (utxo) stored in a first digital wallet of a first user according to a private key of the first user; generate a transaction for transferring rights over the utxo from the first digital wallet to a second digital wallet; generate a cryptographic hash of the transaction into a unique transaction identification of the transaction; transmit the unique transaction identification of the transaction to a party other than the first user; in response to transmission of the unique transaction identification of the transaction, receive a redeem transaction cryptographically signed by a private key of the party other than the first user; cryptographically sign the received redeem transaction with the private key of the first user; store the redeem transaction in the first digital wallet; and transmit confirmation that the redeem transaction is valid.
    Type: Application
    Filed: June 15, 2021
    Publication date: February 24, 2022
    Applicant: Digital Asset (Switzerland) GmbH
    Inventors: Donald R. Wilson, Jr., Sunil Hirani, W. Eric Saraniecki, Yuval Rooz, Shaul Kfir
  • Publication number: 20170103391
    Abstract: A digital asset settlement method includes receiving from a first user an authorization for a conditional transaction involving a digital right, which has been digitized on a distributed ledger, matching the authorization for transaction from the first user with an authorization for transaction from at least one other user, settling the transaction between at least the first and other users if the conditional is met, and memorializing the settled transaction on the distributed ledger.
    Type: Application
    Filed: December 22, 2016
    Publication date: April 13, 2017
    Inventors: Donald R. Wilson, JR., Sunil Hirani, W. Eric Saraniecki, Yuval Rooz, Shaul Kfir
  • Publication number: 20170103385
    Abstract: A digital asset settlement method includes receiving from a first user an authorization for a conditional transaction involving a digital right, which has been digitized on a distributed ledger, matching the authorization for transaction from the first user with an authorization for transaction from at least one other user, settling the transaction between at least the first and other users if the conditional is met, and memorializing the settled transaction on the distributed ledger.
    Type: Application
    Filed: December 22, 2016
    Publication date: April 13, 2017
    Inventors: Donald R. Wilson, JR., Sunil Hirani, W. Eric Saraniecki, Yuval Rooz, Shaul Kfir
  • Publication number: 20170103390
    Abstract: A digital asset settlement method includes receiving from a first user an authorization for a conditional transaction involving a digital right, which has been digitized on a distributed ledger, matching the authorization for transaction from the first user with an authorization for transaction from at least one other user, settling the transaction between at least the first and other users if the conditional is met, and memorializing the settled transaction on the distributed ledger.
    Type: Application
    Filed: December 22, 2016
    Publication date: April 13, 2017
    Inventors: Donald R. Wilson, JR., Sunil Hirani, W. Eric Saraniecki, Yuval Rooz, Shaul Kfir
  • Publication number: 20160292680
    Abstract: A digital asset settlement method includes receiving from a first user an authorization for a conditional transaction involving a digital right, which has been digitized on a distributed ledger, matching the authorization for transaction from the first user with an authorization for transaction from at least one other user, settling the transaction between at least the first and other users if the conditional is met, and memorializing the settled transaction on the distributed ledger.
    Type: Application
    Filed: April 4, 2016
    Publication date: October 6, 2016
    Inventors: Donald R. Wilson, JR., Sunil Hirani, W. Eric Saraniecki, Yuval Rooz, Shaul Kfir
  • Publication number: 20160042459
    Abstract: The present invention is a system and method for providing improved management functions for derivative instruments. In order to allow a portfolio manager to convert existing positions to new positions with reduced parameters, including but not limited to, the total number of positions, and the total notional amount, a process is provided allowing a DM platform to generate potential transactions which compress eligible positions within a portfolio manager's portfolio to obtain such reduced parameters, with analytical support for the potential transactions.
    Type: Application
    Filed: August 7, 2015
    Publication date: February 11, 2016
    Inventors: Sunil Hirani, Katrina Bell
  • Publication number: 20150081517
    Abstract: A system and method for implementing a unique trade package identification number to be associated with a trade package and the constituent individual transactions associated with the trade package, such that the unique trade package identification number allows for more efficient correlation of trade packages and constituent individual transactions.
    Type: Application
    Filed: November 26, 2014
    Publication date: March 19, 2015
    Inventor: Sunil Hirani
  • Publication number: 20140289164
    Abstract: A system and method for providing improved functionality to an invoice spread swap platform includes functionality for determining parameters associated with a potential invoice spread swap transaction, such as automated determination of swap and bond DVO1 values, as well as normalizes the transaction notional amount as a result of the calculated DVO1 values. The system may also be implemented in a method of implementing invoice spread swap transactions, as well as computer instructions which when executed implement invoice spread swap transactions including automated determination of swap and bond DVO1 values, as well as normalizes the transaction notional amount as a result of the calculated DVO1 values.
    Type: Application
    Filed: March 17, 2014
    Publication date: September 25, 2014
    Applicant: trueEX Group LLC
    Inventor: Sunil Hirani
  • Publication number: 20140149272
    Abstract: The present invention is a system, method, and resultant financial for enabling a transparent estimation of an inter-bank offered interest rate which is dependent on market participant's estimations of current lending and borrowing rates. The improved functionality arises through inclusion of both estimated borrowing rates and estimated lending rates to determine a mean inter-bank offered rate. The process implements panel observers, and exception criteria, to preclude determinations biased by skewed estimates provided by panel members and or panel participants. The improved process and system of the present invention further allows implementation of creditworthiness adjustments to inter-bank offered rates based on the creditworthiness of the panel participants, as well as implementation of obligated transactions as a means for dissuading panel members and/or panel participants from submitting biased estimates.
    Type: Application
    Filed: August 19, 2013
    Publication date: May 29, 2014
    Applicant: trueEX Group LLC
    Inventors: Sunil Hirani, Alex Francisci
  • Publication number: 20140025604
    Abstract: The present invention is a system and method for providing improved functionality for management of derivative instruments. The improved system includes functionality implementing a margin requirement determination function to allow optimization of a portfolio based on impacts to the collateral a user is required to provide for the positions in the swap portfolio.
    Type: Application
    Filed: July 10, 2013
    Publication date: January 23, 2014
    Inventors: Sunil Hirani, James Miller, Arthur Korsun
  • Publication number: 20140025552
    Abstract: The present invention is a system and method for providing improved functionality for management of credit futures products. The improved system includes functionality implementing trading capabilities for trading credit default swaps, including providing a user with relevant market information for assessing and placing offers for credit default swaps, as well as for managing offers already placed.
    Type: Application
    Filed: July 22, 2013
    Publication date: January 23, 2014
    Applicant: trueEX Group LLC
    Inventors: Sunil Hirani, James Miller
  • Publication number: 20120265666
    Abstract: The present invention is a system and method for providing improved functionality to an interest rate swap platform. The improved system includes functionality implementing single interest rate sale sessions initiated either as a result of market conditions or a user request, risk adjustment sales to allow users to balance portfolio risks, consolidated sweeps to more efficiently allow a user to manage an investment swap portfolio, and credit limit clearance functionality to improve the management of credit limits associated with users and clearance facilities.
    Type: Application
    Filed: April 13, 2012
    Publication date: October 18, 2012
    Applicant: TRUEEX GROUP LLC
    Inventors: Sunil Hirani, James Miller
  • Publication number: 20080033867
    Abstract: System and method for fixing a tranche index delta level include a plurality of client systems configured to receive a plurality of deltas from a plurality of dealers, and a central authority system configured to receive the plurality of deltas and average received deltas to determine a fixed delta level.
    Type: Application
    Filed: August 10, 2007
    Publication date: February 7, 2008
    Applicant: Creditex Group, Inc.
    Inventors: Sunil HIRANI, Mazyar Dar, Christopher Crowley
  • Publication number: 20080027855
    Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.
    Type: Application
    Filed: July 30, 2007
    Publication date: January 31, 2008
    Applicant: Creditex Group, Inc.
    Inventors: Sunil Hirani, Mazyar Dar, Christopher Crowley
  • Publication number: 20060036535
    Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.
    Type: Application
    Filed: October 1, 2004
    Publication date: February 16, 2006
    Inventors: Sunil Hirani, Mazyar Dar
  • Publication number: 20060036534
    Abstract: A credit derivative trading system comprises a credit derivative authority configured to receive defined positions for credit derivatives and update a plurality of trade clients in real-time whenever there is movement in the market for a particular credit derivative.
    Type: Application
    Filed: September 29, 2004
    Publication date: February 16, 2006
    Inventors: Sunil Hirani, Mazyar Dar