BlackStar Secures a Family of Patents to Pave the Way for Blockchain Trading of U.S. Securities

BOULDER, CO / ACCESSWIRE / August 13, 2024 / BlackStar Enterprise Group, Inc. ("BlackStar") (OTC PINK:BEGI) BlackStar received one (1) patent in 2023 for its revolutionary digital trading platform (US Pat. Number 11854080).

In 2024, BlackStar has received five patents/ notice of allowances for patents that will soon issue from the United States Patent and Trademark Office (USPTO): (1) US Pat. Number 11966974; (2) US Pat. Pub. 18/497562; (3) US Pat. Pub. 18/497612; (4) US Pat. Pub. 18/415938 and (5) US Pat. Pub 17/457153. The technology claimed in these patents covers the digital trading of equities on a blockchain, public offerings/ IPO funding, and corporate governance.

BlackStar believes this technology is essential to bringing digital securities trading on a blockchain of registered assets. This technology also utilizes BlackStar's groundbreaking software, the BlackStar Digital Trading PlatformTM ("BDTPTM"), a trading platform for electronic fungible shares in book-entry and compliant at any U.S. brokerage firm.

When asked for comment, BlackStar's CEO, Joseph E. Kurczodyna, stated that "this past Monday morning, the Dow Jones Industrial Average fell more than 1,000 points, and world markets and U.S. equity investors were blind-sided with no hedge or exit. Traditional markets are limited to human oversight and business hours. Conversely, blockchain markets can operate 24/7; they are self-sufficient and driven by smart contracts." Kurczodyna stated, "Our blockchain technology gives the public the same advantage that brokers, traders and professionals enjoy."

BlackStar believes that if U.S. securities trading, funding, and rule-following were powered by blockchain technology, the public would enjoy a closed-end system that drops into compliant broker-dealers ("BDs") and affords the public the rules, regulations, and protection of their assets that SEC-registered BDs are licensed to offer without special purpose designation. BlackStar's trading, funding, and corporate governance technology claimed in these patents covers what BlackStar believes are the essential three elements when applied to the traditional broker-dealer business.

In 2017, BlackStar noticed that 24/7 trading was a reality in crypto markets. In 2018, after investigating what a model would look like for registered securities trading, BlackStar created a centralized blockchain that could trade registered common shares, not tokens, for the 30,000 publicly trading companies already registered and vetted. BlackStar has disclosed its intentions to trade its shares digitally with the SEC and will seek final approval when connected to a BD.