Liquid Mortgage Issued Patent for Decentralized Systems and Methods for Managing Loans and Securities
Liquid Mortgage has been issued a U.S. Patent for its distributed ledger technology, supporting its vision for the future of debt markets. U.S. Patent 11,068,978 entitled, “Decentralized Systems and Methods for Managing Loans and Securities,” aims to make debt markets more efficient and transparent, while lowering overall ecosystem costs.
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The patent encompasses a significant portion of the Liquid Mortgage business model, including: creating loan-backed digital assets, multi-signature loan-level blockchain accounts, lender portfolio accounts to hold loan-backed digital assets, borrower payment information and distribution mechanics, and loan balance management.
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“More than anything, this patent issuance shows we have been thinking outside the box for years to solve issues in an industry significantly lagging in technology,” said Ian Ferreira, Founder and CEO of Liquid Mortgage. “We look forward to using our ecosystem partnerships to implement this technology throughout the industry, and in the end, create cost savings for borrowers.”
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