PRECIDIAN INVESTMENTS, LLC ANNOUNCES U.S. PATENT FOR ASSET-BACKED DIGITAL TOKENS TECHNOLOGY
Unlike with most cryptocurrencies or NFTs, funds deploying Precidian's new Asset-Backed Digital Tokens will be able to market investments that can function like digital coins but are backed by tangible, identifiable value provided by underlying fund-managed investments. This first-of-its kind vehicle offers funds a new access point into the digital coin market — while maintaining the investor appeal and marketability associated with ETFs by allowing managers to drive value with investment decisions and compete based on performance and strategy. These Asset-Backed Digital Tokens can also morph into ETF shares, giving investors maximum flexibility to capitalize on market fluctuations or dynamic value.
The issued patent is one part of a growing Precidian patent portfolio directed to the Asset-Backed Digital Token technology, including additional applications pending before the U.S. Patent and Trademark Office. The issued patent is already being licensed on a non-exclusive basis tos HSBC, which is pioneering a digital offering facilitated by Precidian's technology. Precidian looks forward to engaging with other market-leading institutions and investors who may be interested in deploying this exciting new technology on their platforms.
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SOURCE Precidian Investments
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