Invention Grant
- Patent Title: Systems, methods, and program products for operating exchange traded products holding digital math-based assets
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Application No.: US14318475Application Date: 2014-06-27
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Publication No.: US09898782B1Publication Date: 2018-02-20
- Inventor: Cameron Howard Winklevoss , Tyler Howard Winklevoss , Evan Louis Greebel , Kathleen Hill Moriarty , Gregory Elias Xethalis
- Applicant: WINKLEVOSS IP, LLC
- Applicant Address: US DE Wilmington
- Assignee: WINKLEVOSS IP, LLC
- Current Assignee: WINKLEVOSS IP, LLC
- Current Assignee Address: US DE Wilmington
- Agency: Amster, Rothstein & Ebenstein LLP
- Main IPC: G06Q40/04
- IPC: G06Q40/04

Abstract:
Systems, methods, and program products for providing an exchange traded product holding digital math-based assets are disclosed. Shares based on digital math-based assets may be redeemed using one or more computers by determining share price information based upon quantities of digital math-based assets held by a trust, electronically receiving a request from an authorized participant user device to redeem a quantity of shares, electronically transmitting a quantity of digital math-based assets from one or more origin digital asset accounts to one or more destination digital asset accounts associated with the authorized participant, and canceling the quantity of shares from the authorized participant.
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