Toronto-Dominion Bank had 84 patents in digitalization during Q4 2023. The Toronto-Dominion Bank filed patents in Q4 2023 for systems and methods that securely distribute digital assets and manage cryptographic keys within a computing environment using permissioned distributed ledgers. These systems involve validating digital signatures, recording asset data onto distributed ledgers, and generating confirmation data for allocation of digital assets. Additionally, the patents include methods for storing transaction content, determining recurring expenses, transferring funds between fiat and crypto accounts, and executing dynamic routing services within a process workflow. 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 digitalization as a theme is 39% 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 apparatus receives allocation requests with digital signatures, validates them, and approves the requests to allocate digital assets to specific devices. The process involves recording public keys and asset data on a distributed ledger and transmitting confirmation data to the recipient device.

The apparatus further performs operations to ensure consistency with allocation criteria, record data on the distributed ledger, and generate allocation objects. The method involves validating digital signatures, confirming the transfer of digital assets, and recording relevant data on the ledger. The system also includes provisions for authentication through digital tokens, registration of devices and customers, and approval of allocation requests based on established criteria. Overall, the patent outlines a comprehensive system for secure and transparent distribution of digital assets using distributed ledger technology.

To know more about GlobalData’s detailed insights on Toronto-Dominion Bank, buy the report here.

Premium Insights

From

The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.

GlobalData

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.