Systems and methods for distributed-ledger based collateral movement

Patent metadata

Field	Value
Publication number	US-2021272112-A1
Application number	US-202117185149-A
Country	US
Kind code	A1
Filing date	Feb 25, 2021
Priority date	Feb 28, 2020
Publication date	Sep 2, 2021
Grant date	—

Abstract

Systems and methods for distributed ledger-based collateral movement are disclosed. According to an embodiment, a method for distributed ledger-based collateral movement may include: (1) receiving, at a first collateral custodian computer system for a collateral custodian and from a client of the first collateral custodian, a collateral asset for a target asset held by a client of a second collateral custodian; and (2) tokenizing the collateral asset and writing a collateral token to a distributed ledger platform. The second collateral custodian receives, from the distributed ledger platform, the collateral token and releases the target asset to the first collateral custodian in response to receiving the collateral token.

First claim

What is claimed is:

1 . A method for distributed ledger-based collateral movement, comprising:
receiving, at a first collateral custodian computer system for a collateral custodian and from a client of the first collateral custodian, a collateral asset for a target asset held by a client of a second collateral custodian; and tokenizing the collateral asset and writing a collateral token to a distributed ledger platform; wherein the second collateral custodian receives, from the distributed ledger platform, the collateral token and releases the target asset to the first collateral custodian in response to receiving the collateral token.

2 . The method of claim 1 , further comprising:
retrieving, by the collateral custodian computer system, one or more collateral rules for the client of the second collateral custodian; and verifying, using the one or more collateral rules, that the collateral asset meets the collateral rules.

3 . The method of claim 2 , wherein the one or more collateral rules are written to the distributed ledger platform.

4 . The method of claim 1 , wherein the collateral asset and the target asset are the same type of asset.

5 . The method of claim 1 , wherein the collateral asset and/or the target asset are bonds.

6 . The method of claim 1 , wherein a first agent/intermediary tokenizes the collateral asset and writes the collateral token to the distributed ledger platform, and a second agent/intermediary retrieves the collateral token from distributed ledger platform and provides the collateral token to the second collateral custodian.

7 . The method of claim 1 , wherein the collateral asset is escrowed after being tokenized.

8 . The method of claim 1 , wherein the target asset is a physical asset.

9 . A method for distributed ledger-based collateral movement, comprising:
receiving, at a first collateral custodian computer system for a collateral custodian and from a client of the first collateral custodian, a collateral asset for a target asset held by a client of a second collateral custodian; and tokenizing the collateral asset and writing a collateral token to a distributed ledger platform; wherein the second collateral custodian tokenizes the target asset writes a target asset token to the distributed ledger platform, receives, from the distributed ledger platform, the collateral token, and releases the target asset token to the first collateral custodian in response to receiving the collateral token.

10 . The method of claim 9 , further comprising:
retrieving, by the collateral custodian computer system, one or more collateral rules for the client of the second collateral custodian; and verifying, using the one or more collateral rules, that the collateral asset meets the collateral rules.

11 . The method of claim 10 , wherein the one or more collateral rules are written to the distributed ledger platform.

12 . The method of claim 9 , wherein the collateral asset and the target asset are the same type of asset.

13 . The method of claim 9 , wherein the collateral asset and/or the target asset are bonds.

14 . The method of claim 9 , wherein a first agent/intermediary tokenizes the collateral asset and writes the collateral token to the distributed ledger platform, and a second agent/intermediary tokenizes the target asset and writes the target asset token to the distributed ledger platform.

15 . The method of claim 9 , wherein the collateral asset and the target asset are escrowed after being tokenized.

16 . A method for verifying a collateral asset, comprising:
receiving, by a collateral custodian computer system and from a client, an identification of an asset to post as collateral for a target asset; retrieving, by the collateral custodian computer system and for a counterparty with the target asset, one or more collateral rules; verifying, by the collateral custodian computer system, that the collateral asset meets the one or more collateral rule; and tokenizing, by the collateral custodian computer system, the collateral asset and writing a collateral token to a distributed ledger platform.

17 . The method of claim 16 , wherein the collateral rules are written to the distributed ledger platform.

18 . The method of claim 16 , wherein the collateral rules are updated in real-time.

19 . The method of claim 16 , wherein the step of verifying, by the collateral custodian computer system, that the collateral asset meets the one or more collateral rule comprises posting an identification of the collateral asset on the distributed ledger platform;
wherein a smart contract verifies that the collateral asset meets the one or more collateral rules.

Assignees

• Jpmorgan Chase Bank Na

Inventors

• Lobban Tyrone
• Kassis George
• Subramanian Karthik
• Moy Christine

Classifications

• H04L9/50

  using hash chains, e.g. blockchains or hash trees · CPC title

• G06Q20/38215 Primary

  Use of certificates or encrypted proofs of transaction rights · CPC title

• H04L9/0894

  Escrow, recovery or storing of secret information, e.g. secret key escrow or cryptographic key storage · CPC title

• G06Q40/04 Primary

  Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange · CPC title

• G06Q20/0655

  e-cash managed centrally · CPC title