U.S. Patent 11210663 was awarded to SHAPESHIFT AG on December 28, 2021 and is entitled “Digital asset zero-custody switch.” The first named inventor is Erik Voorhees of Dillion, CO. The abstract contains an overview of the patent disclosure:

The embodiments described herein comprise hardware and software improvements in blockchain-asset exchange technology, whereby one or more servers automatically, based on a set of predetermined rules, executes a mechanism allowing blockchain-asset exchange customers to place standing-limit or market orders for blockchain-based digital assets (e.g., cryptocurrencies) with a counter-party, but without counter-party risk. The counter-party will not receive the payment until the customer’s exchange order has executed, and the customer has taken possession and ownership of the desired asset. The customer cannot reverse payment or otherwise rescind the payment from the counter-party once the customer receives the desired asset. The systems and methods use blockchain databases, multisignature key signing procedures, and a transparent, objective, automated, rules-based software agent t manage and autonomously govern transfer of digital blockchain-based assets in a multi-party exchange scenario, without risk of asset loss and without the discretion of any human actor. Link to Full Patent

This blockchain patent was originally filed on November 30, 2016  as U.S. Patent Application 15/365783 at the United Stated Patent and Trademark Office. The application was them awarded a patent grant and published as U.S. Patent 11210663. The assistant examiner was Yin Y Choi.

SHAPESHIFT AG, who is the original assignee of this patent, has at least 3 total granted patents in the United States as of the date of this article. This blockchain patent has been cited 0 times by other U.S. patents according to our law firm research, and can be considered an innovative patent in the field of cryptocurrency and blockchain.

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