TW202111645A - Security token and tokenization method using a security token protocol system to perform tokenization - Google Patents

Abstract

Provided are a security token and a tokenization method, which can be performed by a security token protocol system. The system includes an asset registry exchange (ARE), an asset registration unit, an asset manager unit, and a token platform. Accordingly, many tangible assets can be traded through the system, and the assets in this system can be automated through the security token protocol to achieve business process automation, which is safe and open. During the process, there is no need to repeat the review and proofreading process, which can save cost of the middleman. As long as through the security token protocol procedure, the tangible assets can be directly listed on the token platform for trading. After achieving the consensus of the algorithm, the tokenization process can be carried out directly, which is convenient and money saving.

Description

Security tokens and tokenization methods

The present invention relates to a security token and a tokenization method, especially relates to a Achieve the automation of business processes through the Security Token Protocol, especially those who can directly put tangible property on the token platform for trading, and after the consensus of the algorithm is passed, the property can be directly tokenized.

Bitcoin is the world's first cryptocurrency system based on the underlying technology of the blockchain System. Because it provides a decentralized decentralized ledger, combined with encrypted transmission and network-wide verification technology, blockchain can solve the problems of traditional centralized financial systems such as transaction drawbacks and cumbersome and time-consuming settlements. Although blockchain technology is most widely used in cryptocurrency execution, digital entrepreneurs have begun to explore the use of bitcoin-based cryptocurrency security systems and data that can be stored on the blockchain to implement new systems. It will be very beneficial if blockchain can be used for automated task execution and processes that are not limited to the field of cryptocurrency. This solution will be able to take advantage of the blockchain's advantages (such as permanent, tamper-proof event records, network-wide consensus mechanism, etc.), while being more versatile in its applications.

The current research area is the use of blockchain to implement smart contracts, which are designed to automatically A computer program that executes machine-readable contracts or agreement terms. Unlike traditional contracts written in natural language, smart contracts are machine executable programs that include rules that can process inputs to produce results, and then perform actions based on these results.

Another area associated with the blockchain is the use of tokens (or encrypted tokens (Token)) Represent and transmit the real world or virtual entities through the blockchain. Represents a potentially sensitive or secret item, which has no discernible meaning or value. Therefore, the token is used as an identifier that allows the resource to be referenced from the blockchain.

In order to solve the various deficiencies of conventional use, the inventor of this case has devoted himself to research and developed a A security token and tokenization method to effectively improve the shortcomings of conventional use.

The main purpose of the present invention is to overcome the above-mentioned problems encountered in the conventional arts and Provide a system that enables many tangible properties to be bought and sold through this system. The property in this system can be automated through the security token agreement. It is safe and open, and there is no need for repeated audits and proofreading in the process. The process can save the cost of the middleman. As long as the security token agreement procedure is passed, the tangible property can be directly listed on the token platform for trading. After the consensus of the algorithm is passed, the property tokenization process can be directly carried out, which is convenient Security tokens and tokenization methods that save money.

In order to achieve the above objectives, the present invention is a security token protocol system, which includes Including: an asset registry exchange (Asset Registry Exchange, ARE), which is to perform the registration transaction operation of at least one physical property data of the asset owner (Asset Owner); an asset registration unit, which connects the asset registry exchange with the government departments of various countries When the property owner wants to register the at least one physical property data in the property registration exchange, he first enters the government department where the at least one physical property data was originally registered, and conducts the government with an asset registry contract (Asset Registry Contract). After the review, the government agency confirms that at least one piece of physical property information is sent to the property registration exchange for registration transactions; an asset manager unit, which is connected to the property registration exchange, is to receive the property The owner’s property tokenized issuance request, through the property registration exchange, inquire whether the legal status of the property owner’s at least one physical property data registration is authentic (Prove of asset), and issue a statement when it is authentic Use the blockchain (Blockchain) service request; and the token platform (Platform), which connects the property registration exchange and the property manager unit, receives the use of the blockchain service request, and queries the property registration exchange Whether the legal status of the registration of at least one physical property data of the property owner is authentic, and when the authenticity is established, the blockchain as a service project (BaaS Project) will be launched, and the property tokenization will be carried out through a security token agreement procedure ( Tokenize), where: the token platform includes a processing unit, which serves as the processing and control when the token platform operates the security token agreement program; a registration unit provides several different investors with a registration contract (Registry Contract ), enter the relevant information when registering as a member and be certified as a qualified investor, and can store the wallet address (AssetBook address) associated with at least one qualified investor in a whitelist distributed ledger, and then generate A private key and transfer the private key to the qualified investor’s electronic device based on the relevant data; a wallet unit that provides the qualified investor with a fixed property contract (AssetBook Contracts) as a blockchain network on the platform Register each transaction data of the qualified investor, and provide a multi-signature contract (Multisig Contract) and store it in a multi-signature distributed ledger. As the qualified investor's private key is lost or stolen, Perform the recovery of private key authority in a secure and open manner; a product manager unit, which automatically deploys a product manager contract when the investment product is put on the shelf, is used to manage a fundraising unit, a token control unit, A revenue manager unit, A decentralized autonomous organization unit and a smart contract group (smart contracts) generated by a transaction unit; where the fund-raising unit generates a Crowd Funding Contract to raise qualified investors who are willing to subscribe for investment products. Qualified investors who subscribe for investment products will remit the investment amount each person should pay to the special account to complete the fundraising to determine the list of qualified investors to subscribe and store the wallet addresses of the subscribed qualified investors And respectively send to the token control unit and the revenue manager unit, the token control unit will generate the token amount corresponding to the investment product based on the token controller/HCAT721 contract (TokenController/HCAT721 Contract), and will generate The amount of tokens is sent to the wallet address of each qualified investor who subscribes, and the qualified investor who subscribes can see the amount of tokens purchased through his electronic device. The income of this investment product will be distributed through the income manager unit. The income manager unit generates an income manager contract (Income Manager Contract), which can be based on information such as the holding time and holding quantity of the qualified investors who subscribed. The allocation is performed after calculation. Then use the distributed autonomous organization unit to generate a distributed autonomous organization contract (DAO Contracts) to provide the rights and interests of subscribed qualified investors. Finally, perform market transactions of entrusted trading in the secondary market, and use a transaction matching/settlement contract (TxMatch/Settlement Contract) generated by the transaction unit to implement the corresponding transaction. In addition, the investor in this case can be more than 100 million.

In the above embodiment of the present invention, the registration transaction operation of the property registration exchange is Whether the at least one piece of physical property information has the aforementioned status of issuance, sale, bidding, lending, fundraising, and transfer to confirm the authenticity of the property-related information.

In the foregoing embodiment of the present invention, the property manager unit is an investment manager, Investment consultant, analyst or financial advisor.

In the above embodiment of the present invention, the registration unit is distributed through the registration contract. Hierarchical control, storing the wallet addresses of qualified investors in the whitelisted distributed ledger.

In the above-mentioned embodiment of the present invention, the multi-signature system can be When the sub-device is lost or stolen, the individual user pre-arranged through the multi-signature agreement Multi-signature can restore the authority of its private key in a safe and public way.

In the above embodiment of the present invention, the token platform further includes a regulatory unit, which is A legal compliance contract (Legal Compliances Contract) is created to establish a compliance mechanism that complies with the laws of various countries at the level of compliance.

Please refer to "Figure 1", which is a schematic diagram of the security token system architecture of the present invention Figure. As shown in the figure: The present invention is a security token and a tokenization method, which can be operated by a Security Token Protocol (Security Token Protocol) system, which includes an Asset Registry Exchange (Asset Registry Exchange, ARE) 1, an asset registration unit 2, an asset manager (Asset Manager) unit 3, and a token platform (Platform) 4.

The aforementioned property registration exchange 1 is the executive property owner (Asset Owner) 5 At least one physical property data 51 registration transaction operation.

The property registration unit 2 connects the property registration exchange 1 and government departments of various countries 6. When the property owner 5 wants to register the at least one physical property data 51 in the property registration exchange 1, he first enters the government department where the at least one physical property data 51 was originally registered 6 and uses a property registration contract ( Asset Registry Contract) conduct government review, and after obtaining the confirmation of the government department 6, the at least one piece of physical property data 51 will be sent to the property registration exchange 1 for registration transaction operations.

The property manager unit 3 can be an investment manager (Fund Manager), investment Consultant, analyst or financial advisor. The property manager unit 3 is connected to the property registration exchange 1, and is to receive the property tokenized issuance request of the property owner 5, and query at least one substantial property data of the property owner 5 through the property registration exchange 1. 51 Whether the legal status of the registration has the authenticity (Prove of asset), and when it has the authenticity, issue a request to use the blockchain (Blockchain) service.

The token platform 4 connects the property registration exchange 1 and the property manager unit 3. It is to receive the request to use the blockchain service, check whether the legal status of the registration of at least one physical property data 51 of the property owner 5 through the property registration exchange 1 is authentic, and start the block when it is authentic The chain as a service project (BaaS Project), through a security token agreement program to tokenize property (Tokenize); among them, the token platform 4 includes: A processing unit 40 is used for the processing and control of the token platform 4 when operating the security token agreement program; a registration unit 41 provides several different investors 7 a registration contract (Registry Contract), when registering as a member Enter the relevant information and be certified as a qualified investor 7, and can store the wallet address (AssetBook address) associated with at least one qualified investor 7 in a whitelist distributed ledger 411, and then generate a private key According to the relevant information, the private key is transmitted to the electronic device of the qualified investor 7; a regulatory unit 42 generates a legal compliance contract (Legal Compliances Contract) to establish compliance with national laws and regulations at the level of compliance Mechanism; a wallet unit 43, which provides the qualified investor 7 a fixed property contract (AssetBook Contracts), as the registration of each transaction data of the qualified investor 7 in the platform blockchain network, and provides a multi-signature at the same time The contract (Multisig Contract) is stored in a multi-signature distributed ledger 431 as the qualified investor. 7 When the private key is lost or stolen, the method of security and public restoration of the private key authority is implemented; a product manager unit 44 , Is to automatically deploy a Product Manager Contract when investment products are put on the shelves, which are used to manage a fundraising unit 45, a token control unit 46, a revenue manager unit 47, a distributed autonomous organization unit 48 and a Smart contracts generated by transaction unit 49 (smart contracts). Among them, the fundraising unit 45 generates a fundraising contract (Crowd Funding Contract) to raise qualified investors 7 who are willing to subscribe for investment products, and qualified investors 7 who want to subscribe for investment products will pay each person before a deadline. The investment amount of the funds is remitted to the special account to complete the fundraising to determine the list of qualified investors to subscribe, and store the wallet addresses of the qualified investors 7 who subscribed and send them to the token control unit 46 and the income manager unit 47 respectively. , The token control unit 46 will generate the token amount corresponding to the investment product based on the token controller/HCAT721 contract (TokenController/HCAT721 Contract), and transmit the generated token amount to each qualified investor who subscribes With the wallet address of 7, the qualified investors who subscribe to 7 can see the amount of tokens purchased through their electronic device, and the income of this investment product will be distributed through the income manager unit 47, which generates an income Manager contract (Income Manager Contract), which can be allocated according to the holding time, holding quantity and other information of the subscribed qualified investor 7 after calculation, and the distributed autonomous organization unit 48 generates a distributed autonomous organization contract ( DAO Contracts), provide the rights and interests services of qualified investors 7 subscribed, and finally execute the market transaction of entrusted trading in the secondary market, using a transaction matching/settlement contract (TxMatch/Settlement Contract) generated by the transaction unit 49 to implement the corresponding transaction. If so, a new security token agreement system is formed by the structure disclosed above.

When used, real-world assets are registered in corresponding government departments. Remember, the present invention uses the blockchain of a property registration exchange 1 to retrieve information from government departments 6 to the property registration exchange 1 chain for registration. In the future, when these property owners 5 want to issue property, they only need to The property registration exchange 1 makes inquiries, and the contents of the inquiry include whether at least one piece of physical property data 51 of these property owners 5 has issuance, sale, bidding, lending, fundraising, and transfer status, that is, the property can be confirmed The authenticity of relevant information is very convenient. Because it is convenient to block transactions on the blockchain, it is relatively difficult and risky in the real world. The present invention achieves a convenient query function through the property registration exchange 1 block chain. When the actual property is to be tokenized, the property owner 5 entrusts the property manager unit 3 (for example: investment manager) and the token platform 4 to The property registration exchange 1 inquires whether the legal status of at least one physical property data 51 registration is authentic, and if so, it will proceed with the securities token agreement procedure to tokenize the property.

Several different investors 7 enter the registration unit 41 of the token platform 4 for membership After registering as a qualified investor, it will be hierarchically controlled through the registration contract on the chain, and the wallet address of the qualified investor 7 will be stored in the whitelisted distributed ledger. This system will generate a private key to qualified investors7. The private key is stored on their electronic device. This system does not manage this private key, so as to achieve decentralized management, so this platform will not happen When a cryptocurrency exchange is breached, there is a risk that a large amount of property will be stolen. These qualified investors 7 will be issued a fixed property contract (wallet address) to each person through the wallet unit 43, which is similar to a bank account. In the future, every transaction of these qualified investors 7 will be registered in the fixed property On the contract. And this fixed property contract also comes with a multi-signature smart contract, which is used to pre-store individual users through the multi-signature distributed ledger 431 when the investor 7’s electronic device is lost or stolen. The agreed multi-signature can publicly and securely restore its private key authority.

Before initiating the tokenization of a property, the system had a demonstration (demo) at the beginning, Later, when investment products are put on the shelves, a product manager contract will be automatically deployed through the product manager unit 44 to manage the entire set of fundraising unit 45, token control unit 46, revenue manager unit 47, decentralized autonomous organization unit 48, and transaction unit 49. Smart contract group. At the beginning, the fundraising unit 45 generates a fundraising contract. It recruits qualified investors 7 who are willing to subscribe for investment products, so that qualified investors who want to subscribe for investment products 7 will invest the amount payable by each person before the end of the deadline. The amount is remitted to the special account to complete the fundraising, to determine the list of qualified investors 7 to subscribe, and to store their wallet addresses. If the fundraising unit 45 has reached the standard and the fundraising period has expired, it will be automatically determined to be closed. After the closing, the wallet address of the qualified investor 7 subscribed will be sent to the token control unit 46, which is generated based on the token controller/HCAT721 contract The amount of tokens corresponding to the investment product. Assuming that this qualified investment product has a value of 100 tokens, it generates 100 tokens and remits them to the fixed property contract of each subscribed qualified investor 7. The subscribed qualified investor 7 can see through its electronic device The amount of purchased tokens is recorded, and the income of this investment product will be distributed through the income manager unit 47. The aforementioned fund-raising unit 45 also sends the wallet address of the qualified investor 7 subscribed to the income manager unit 45, which passes the income The manager contract is allocated according to the wallet address of the subscribed qualified investor 7, and the rights and interests of the subscribed qualified investor 7 can be expressed through the distributed autonomous organization unit 48 in a distributed autonomous organization contract, such as voting, commenting, and replying. , And then the secondary market uses the transaction unit 49 to execute the corresponding transaction with the transaction matching/settlement contract. Therefore, the above-mentioned whole is a complete tokenized trading platform for real property.

The present invention registers all real property deposits in the world through the property registration exchange chain The authenticity and state of existence. For example, is there a legal status registration set for the user organization/platform, or issued elsewhere. Traditionally, all real and substantive properties are registered in the corresponding departments of each government, such as land in the land office and vehicles in the supervision station. The blockchain established by this system allows many organizations including Security Token Offering (STO) or non-STO organizations, such as the car rental industry, to have a place to make inquiries. Determine the authenticity of property-related information. The present invention confirms the legal status of the real property through the benefits of using the blockchain, puts the documents of the real property and its important information on the public chain through the property registration unit, and then allows more people to supervise the effect through the public chain In order to prevent the occurrence of fraud, and on the premise that the physical property is certified, the physical property can be traded on the blockchain. After the monetization, in order to make the system more credible, the distributed ledger data of the private chain will be transferred to the public chain within a period of time, and the existing state of the physical property can be obtained through the block chain. Therefore, the benefits of using the security token and tokenization method of the present invention include: 1. It is possible to automate many repeated checks and verifications in the business process (automatically trust the information on the private chain of the platform), which can save the cost of the middleman. 2. Many tangible properties can be bought and sold through this system. Property in this system can be automated through the Security Token Protocol (Security Token Protocol), which is safe, open and saves money. 3. Through the security token agreement procedure, tangible property can be directly listed on the token platform for direct trading, instead of creating a platform by yourself, the property tokenization process can be directly carried out after the consensus of the system algorithm.

In summary, the present invention is a security token and tokenization method, which can effectively change The various shortcomings of good use can enable many tangible properties to be bought and sold through this system, and the automation of business processes can be achieved through the Security Token Protocol, which is both safe and open, so that many repeated checks in the business process can be carried out. Part of the verification is automated (automatically trust the information on the platform's private chain), which can save the cost of the intermediary. As long as the security token agreement program is passed, the tangible property can be directly listed on the token platform for direct trading. When the consensus of the algorithm is passed You can go straight in The asset tokenization process is convenient and saves money, so that the production of the present invention can be more advanced, more practical, It is more in line with the needs of users, and it has indeed met the requirements of an invention patent application, and the patent application is filed in accordance with the law.

However, the above are only preferred embodiments of the present invention, and should not be limited to this The scope of implementation of the present invention is determined; therefore, all simple equivalent changes and modifications made in accordance with the scope of the patent application of the present invention and the content of the description of the invention shall still fall within the scope of the patent of the present invention.

1: Property Registration Exchange 2: Property registration unit 3: Property manager unit 4: Token platform 40: Processing unit 41: Registration Unit 411: Whitelist distributed ledger 42: Regulatory Unit 43: Wallet unit 431: Multi-signature distributed ledger 44: Product Manager Unit 45: Fundraising Unit 46: Token Control Unit 47: Revenue Manager Unit 48: Decentralized Autonomous Organization Unit 49: Transaction Unit 5: Property owner 51: Material property information 6: Government departments 7: Investors

Figure 1 is a schematic diagram of the security token system architecture of the present invention.

1: Property Registration Exchange

2: Property registration unit

3: Property manager unit

4: Token platform

40: processing unit

41: Registration Unit

411: Whitelist Distributed Ledger

42: Regulatory Unit

43: Wallet unit

431: Multi-signature distributed ledger

44: Product Manager Unit

45: Fundraising Unit

46: Token Control Unit

47: Revenue Manager Unit

48: Decentralized Autonomous Organization Unit

49: Transaction Unit

5: Property owner

51: Physical property information

6: Government departments

7: Investor

Claims (7)

A Security Token Protocol system, which includes: 1. Asset Registry Exchange (ARE), which executes the registration transaction operation of at least one physical property data of the asset owner (Asset Owner); A property registration unit, which connects the property registration exchange and the government departments of various countries. When the property owner wants to register the at least one physical property data in the property registration exchange, first enter the initial registration of the at least one physical property data The government department shall conduct government review with an asset registry contract (Asset Registry Contract), and after obtaining the confirmation of the government department, transmit the at least one piece of material property information to the property registration exchange for registration transactions; An asset manager (Asset Manager) unit, which is connected to the property registration exchange, is to receive the property owner’s request for tokenized issuance of the property, and inquire at least one physical property information of the property owner through the property registration exchange Whether the registered legal status has the authenticity (Prove of asset), and when it has the authenticity, issue a request to use the blockchain (Blockchain) service; and A token platform (Platform), which connects the property registration exchange and the property manager unit, receives the request for the use of the blockchain service, and inquires about the registration of at least one physical property data of the property owner through the property registration exchange Whether the legal status is authentic, and when the authenticity is established, a blockchain-as-a-service project (BaaS Project) will be launched, and property tokenization (Tokenize) will be carried out through a security token agreement procedure, in which: The token platform includes a processing unit, which operates as the token platform to operate the security proxy The processing and control of the currency agreement program; a registration unit, which provides several different investors and a registration contract (Registry Contract), as a member to enter relevant information when registering, and can store the wallet address associated with at least one qualified investor (AssetBook address) to a whitelist distributed ledger, and then generate a private key and send the private key to the electronic device of the qualified investor according to the relevant information; a wallet unit provides the qualified investor Investor a fixed property contract (AssetBook Contracts), as the registration of each transaction data of the qualified investor in the platform blockchain network, and provide a multi-signature contract (Multisig Contract) and store it in a multi-signature In the distributed ledger, when the private key of the qualified investor is lost or stolen, the private key authority is restored in a safe and public manner; a product manager unit is to automatically deploy a product manager contract when the investment product is put on the shelf ( Product Manager Contract), which is used to manage the smart contracts generated by a fundraising unit, a token control unit, a revenue manager unit, a distributed autonomous organization unit and a trading unit; the fundraising unit A Crowd Funding Contract is generated to recruit qualified investors who are willing to subscribe for investment products. The qualified investors who want to subscribe for investment products will remit the investment amount of each person's payable to the special account before a certain period of time. Raise funds to determine the list of qualified investors to subscribe, and store the wallet addresses of the qualified investors who subscribed and send them to the token control unit and the income manager unit. The token control unit will be based on the token controller The /HCAT721 contract (TokenController/HCAT721 Contract) generates the amount of tokens corresponding to the investment product, and transmits the generated amount of tokens to the wallet address of each subscribed qualified investor, and the subscribed qualified investor uses its electronic device You can see the amount of tokens purchased, and the income of this investment product will be distributed through the income manager unit. The income manager unit generates an income manager contract (Income Manager Contract), which can be subscribed according to the qualification of qualified investors The information of holding time and holding quantity is calculated and distributed, and a distributed autonomous organization contract (DAO Contracts) is generated using the distributed autonomous organization unit to provide the rights and interests services of subscribed qualified investors, and finally implement the secondary market In the market transaction of entrusted trading, a transaction matching/settlement contract (TxMatch/Settlement Contract) generated by the transaction unit is used to implement the corresponding transaction. According to the security token agreement system described in item 1 of the scope of patent application, the The registration transaction operation of the property registration exchange is to confirm the authenticity of the property-related information according to whether the above-mentioned status of issuance, sale, bidding, lending, fundraising, and transfer exists in the at least one physical property data. According to the security token agreement system described in item 1 of the scope of patent application, the The property manager unit is an investment manager, investment consultant, analyst or financial consultant. According to the security token agreement system described in item 1 of the scope of patent application, the The registration unit performs hierarchical control through the registration contract, and stores the wallet addresses of qualified investors in the whitelist distributed ledger. According to the security token agreement system described in item 1 of the scope of patent application, the The multi-signature system can restore the authority of the qualified investor's private key in a safe and open manner through the multi-signature pre-arranged by the individual user stored in the multi-signature contract when the electronic device of the qualified investor is lost or stolen. According to the security token agreement system described in item 1 of the scope of patent application, the The token platform also includes a legal unit, which generates a legal compliance contract (Legal Compliances Contract) to establish compliance with national laws and regulations at the level of compliance Compliance mechanism. According to the security token agreement system described in item 1 of the scope of patent application, the There can be more than 100 million investors.

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