WINCLOFOS IP has won a patent for allowing the settlement of ETPs using digital currencies, the USPTO said Tuesday (May 8th).
The successful patent application, originally filed by the twins in December 2017, sets out "Regulations, Methods and Software Products" for the circulation of assets based on digital currencies.
The move marks another win for Winclophos IP this year after the company secured a patent for digital currency security in February as part of Gemini's platform plans.
In the text of the description of the mechanism governed by the patent
A year ago, the Securities and Exchange Commission (SEC) rejected Winkelphus' request to launch an ETF, one of the tools under the stock market segment.
The rejection caused uncertainty in the markets at that time, while many sources suggested that the demand had come too early and that the authorities had not yet put in place measures to deal with this innovation.
It seems that the founders have not given up the idea of Wall Street since they have seen moves from financial giants such as Goldman Sachs and the New York Stock Exchange to launch products and services related to Petcown.
Winclophos IP has collected a total of five successful patents this year, according to data from Justicia Pettins.
