MUMBAI, India, March 13 -- Intellectual Property India has published a patent application (202621008805 A) filed by Mohammad Naved Qureshi; and Sabia Habib, Bhopal, Madhya Pradesh, on Jan. 29, for 'system and method for regulated digital value settlement across multiple jurisdictions.'
Inventor(s) include Mohammad Naved Qureshi; and Sabia Habib.
The application for the patent was published on March 13, under issue no. 11/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a computer-implemented system (100) and method (200) for regulated digital value settlement across multiple jurisdictions. The system (100) comprises an identity verification module (1), a jurisdiction detection engine (2), a compliance rule engine (3), a fiat reference and currency normalization module (4), a wallet management module (5) maintaining fiat-referenced digital value units (6), an issuance and redemption module (7), a permissioned distributed ledger (8), a transfer execution module (9), a deferred net settlement engine (10), a banking and clearing interface (11), and a regulatory read-only access and audit module (12). Jurisdiction-specific compliance is enforced prior to transaction execution, and normalized settlement values are computed using fiat references. Cross-jurisdiction transfers are executed digitally without real-time cross-border fiat movement and are aggregated for deferred net settlement through licensed financial institutions. The system further provides immutable auditability and supervisory control, thereby enabling compliant, efficient, and transparent digital value settlement across jurisdictions."
Disclaimer: Curated by HT Syndication.
