Circle said it has acquired IBM’s blockchain patent portfolio, adding a large set of intellectual property tied to core blockchain technology and enterprise use cases. The assets include more than 680 patent families and nearly 1,000 granted patents, spanning banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations. Circle said the deal makes it a leading blockchain patent holder in the United States. The company added that the portfolio will support the buildout of USDC, Circle Payments Network, Arc, and other on-chain financial products and infrastructure. Circle and IBM also said they will explore additional commercial cooperation opportunities going forward. The announcement was reported by ChainCatcher.
Circle said it has acquired IBM’s blockchain patent portfolio. According to the announcement, the assets include more than 680 patent families and nearly 1,000 granted patents across core blockchain technology, banking, financial services, insurance, enterprise infrastructure, supply chain verification, and secure cloud operations.
Circle said the acquisition makes it a leading blockchain patent holder in the United States. The company added that the patent assets will support the development of USDC, Circle Payments Network, Arc, and other on-chain financial products and infrastructure.
Both sides also said they will explore more commercial cooperation opportunities in the future.
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