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Goldman Sachs Files Patent For Securities Settlement With Cryptocurrency

Goldman Sachs has filed a patent application for a cryptographic currency called SETL Coin to be used for securities settlement. The application, which signifies the New York-based global bank’s growing interest in cryptocurrency, has been filed with the U.S. Patent & Trade Mark office. Paul Walker and Phil J. Venables, both of New York, N.Y., are listed as the inventors. The technology provides a virtual, multi-asset wallet for a traditional cash and securities account for an investor or trader. The technology facilitates transactions between non-virtual wallets and a virtual wallet and vice versa on the same peer-to-peer network. A trader […]


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Source: Goldman Sachs Files Patent For Securities Settlement With Cryptocurrency



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