BlackStar (OTC Pink:BEGI) has announced the acquisition of a patent for a process facilitating securities trading through blockchain technology. As a microcap company listed on the OTC Markets Pink segment, BlackStar currently boasts a market capitalization of approximately $3.8 million and operates Blockchain Equity Management Corp. (BEMC). The company is actively developing a digital asset trading platform utilizing centralized blockchain infrastructure.
According to a recent disclosure, BlackStar revealed that it had received a ‘Notice of Allowance’ from the US Patent and Trademark Office (USPTO) for U.S. Patent Application No. 18/415,938, titled “Systems And Methods For Using A Digital Trading Platform To Trade Securities On A Blockchain.” This patent adds to the company’s existing portfolio of blockchain-related patents.
The newly acquired patent encompasses the trading of both registered and unregistered securities on a blockchain. Joseph E Kurczodyna, Blackstar’s CEO, expressed his satisfaction with the development, stating:
“The grant of this patent represents a significant milestone for BlackStar, offering extensive protection and coverage for the trading of various types of securities on blockchain platforms.”
This achievement underscores BlackStar’s commitment to pioneering advancements in blockchain-based securities trading and positions the company as a key player in the evolving landscape of digital asset management and trading.