Central Bank Digital Currency Explained
Winklevoss IP, owned by the Winklevoss brothers, founders of Gemini exchange, received a patent for the management of exchange-traded products (ETP) based on cryptocurrencies.
The application describes a system that can process transactions with exchange-traded products based on digital currencies: BTC, XRP, DOGE, ETH and BBQCoin. The information is confirmed by the corresponding publication on the website of the US Patent and Trademark Office..
ETPs, which include exchange-traded funds (ETFs), are a type of securities based on other investment vehicles. In this case, digital currencies.
The application was submitted back in December 2017. In March of the same year, the SEC rejected a similar proposal from the brothers, citing high risks and regulatory uncertainty..
A month ago, Winklevoss IP received another patent for a new method of enhancing the security of cryptocurrency transactions. Most likely, new solutions will appear on the Gemini exchange in the near future..
Earlier we wrote that the Winklevoss brothers began to cooperate with Nasdaq.
text: Ivan Malichenko, photo: Winklevoss Capital