Toronto-Dominion Bank had 21 patents in blockchain during Q4 2023. The Toronto-Dominion Bank filed patents in Q4 2023 related to securely distributing digital assets using permissioned distributed ledgers, creating security tokens for users with historical usage characteristics embedded, transferring funds between fiat and crypto accounts based on recurring expenses, and managing cryptographic keys within a computing environment. These patents involve processes such as approving allocation requests, executing blockchain consensus processes, and performing buy-now pay-later transactions using a crypto-bridge API. GlobalData’s report on Toronto-Dominion Bank gives a 360-degreee view of the company including its patenting strategy. Buy the report here.

Toronto-Dominion Bank grant share with blockchain as a theme is 38% in Q4 2023. Grant share is based on the ratio of number of grants to total number of patents.

Recent Patents

Application: Secure distribution of digital assets within a computing environment using permissioned distributed ledgers (Patent ID: US20230418809A1)

The patent filed by The Toronto-Dominion Bank describes computer-implemented systems and processes for securely distributing digital assets within a computing environment using permissioned distributed ledgers. The disclosed embodiments involve receiving allocation requests with digital signatures, validating these signatures, approving the requests, and recording data on distributed ledgers. The apparatus also generates confirmation data for the allocation of digital assets to specific devices, ensuring secure and transparent transactions.

Furthermore, the patent outlines a method for approving requests based on digital signatures, validating the elements of distributed ledgers, and transmitting confirmation data for the transfer of digital assets. The apparatus is designed to record public keys and asset data on distributed ledgers, ensuring the integrity and security of transactions involving digital assets. Additionally, the system can handle allocation requests associated with referral processes, ensuring consistency with predefined criteria before approving and allocating digital assets. Overall, the patent focuses on secure and efficient distribution of digital assets within a computing environment using permissioned distributed ledgers.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.