Tintra PLC New Patent Applications (6109Z)
16 May 2023 - 11:00PM
UK Regulatory
TIDMTNT
RNS Number : 6109Z
Tintra PLC
16 May 2023
15 May 2023
Tintra plc
("Tintra", the "Group" or the "Company")
New Patent Applications
The board of directors (the "Board") of Tintra , the rapidly
innovating Deep Tech & Banking business, is pleased to announce
the filing of three new patent applications (the "Patents"). The
Patents relate to two individual unique inventions that have been
submitted to the United Kingdom and United States Patent Offices.
The Patents, if granted, will be held by Tintra 3.0 Limited.
Both inventions will add additional, and significant, IP
protection to the unique technological infrastructure which the
Group is building as part of its program to introduce novel web3
technologies into secure, regulated, environments. This ensures the
Group's continued operation in a technological landscape which
differentiates it from its competitors, namely in a space which
combines the advanced areas of innovation of web3 and the heavily
regulated environment of traditional banking.
Through bringing both of these sectors together in a unique way
that allows the benefits of digital innovation while still
remaining compatible with legacy frameworks, these innovations
provide the risk-off approach that Tintra seeks, and regulators
demand.
The first invention, entitled "A BLOCKCHAIN SYSTEM AND METHOD
FOR AUTHENTICATED USE OF A STABLE FUNGIBLE TOKEN" has been filed
with the United Kingdom Patent Office with application number
GB2306543.6, and is imminently due to be additionally filed with
the United States Patent & Trademark Office.
The second invention, entitled "A SYSTEM AND METHOD FOR
AUTHENTICATION AND ASSOCIATION OF MULTI- PLATFORM ACCOUNTS" has
been filed with the United States Patent & Trademark Office,
with serial number 18/195754. This invention furthers the IP
protection provided by the Company's previously granted patent
(US11615399B1), and when combined with the patents currently under
review, creates solid IP protection for the web3 infrastructure the
Company is currently building. This patent application will also
expected to be filed in the U.K. shortly.
Further to this, the Company is now proceeding with
international patent protection under the Patent Cooperation Treaty
(PCT), alongside direct applications to a number of countries
globally. This forms a part of our larger strategy for protection
of the Group's inventions within all of the geographical regions
that it intends to operate once active.
Dr Davy Smith, the Company's Chief Innovation Officer, said:
"These two inventions make concrete our rapidly developing R&D
into the possibilities of utilising web3 technologies within the
strictly regulated banking ecosystem. We have previously, and
continue to, adopt the approach that disruptive technologies should
be embraced. However, innovative solutions must be applied in a
considered manner, with a full understanding of, and
interoperability with, the existing regulatory and technological
infrastructures in which they reside. It is only through this
mindset that we can truly enable real change."
For further information, contact:
Tintra PLC
(Communications Head)
Hannah Haffield
h.haffield@tintra.com
Website www.tintra.com 020 3795 0421
Allenby Capital Limited
(Nomad, Financial Adviser & Broker)
John Depasquale / Nick Harriss / Vivek
Bhardwaj 020 3328 5656
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END
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