Toronto-Dominion Bank had seven patents in metaverse during Q4 2023. The Toronto-Dominion Bank‘s patents filed in Q4 2023 involve computer-implemented systems for securely distributing digital assets using permissioned distributed ledgers. This includes approving allocation requests, recording asset data on a distributed ledger, and transmitting confirmation data to the recipient device. Additionally, a computer server system is described for generating and sending stored-value cards in augmented reality to mobile devices based on request parameters. 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 metaverse as a theme is 57% 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 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, indicating the successful allocation of the digital asset.

Furthermore, the apparatus is designed to ensure the consistency of allocation requests with predefined criteria, such as verifying the presence of public keys in the distributed ledger. The system also involves generating and recording registration and allocation objects within the ledger, associating them with the devices involved in the transaction. Additionally, the method includes steps for authentication through digital tokens and code challenges, enhancing the security and integrity of the asset transfer process. Overall, the patent outlines a comprehensive system for managing and transferring digital assets securely within a computing environment using distributed ledger technology.

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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.