The founders of crypto currency exchange Gemini, the twins Tyler and Cameron Winklevoss (Tyler, Cameron Winklevoss), received a U.S. patent on the concept of cryptocurrency exchange-traded Fund (ETF).
The patent received by the company Winklevoss IP, it describes a method “to provide exchange-traded product that holds a mathematical digital assets” and the share issue are attached to this ETF.
This is not the first patent associated with the cryptocurrency industry received by the Winklevoss brothers. For example, in April the same company, Winklevoss IP, patented solution for improving the security infrastructure of crypto currency exchange. In total, according to information from open sources, the world’s first official bitcoin billionaire count seven patents relating to digital assets.
How exactly patented the concept of cryptocurrency ETF will be realized in practice is still unknown. But the twins since the beginning of the year trying to launch a bitcoin ETF. In March, the Commission on securities and stock exchanges of the USA (SEC) has rejected their proposal.
We will remind that earlier the crypto currency exchange Gemini launched trading blocks of bitcoin and Ethereum, are aimed at institutional investors.