Blockchain payments provider Tassat Group has received a U.S. patent for its onchain “yield-in-transit” (YIT) technology, which enables interest to accrue continuously through the moment ownership changes during settlement, the company said in a press release Tuesday.
The New York-based firm said the patented approach covers intraday accrual and distribution of on-chain interest in high-velocity, always-on settlement environments, aiming to remove ambiguity around who earns what yield and when.
“Securing this foundational patent reflects Tassat’s continued innovation in delivering enterprise-grade, blockchain-based settlement infrastructure for digital asset institutions,” said Glen Sussman, CEO of Tassat, in emailed comments.
coindesk.com