Securitize Sues tZERO in Delaware, Calls Patent Claims Baseless
JH Kim
Summary
- Securitize has filed a lawsuit against tZERO in federal court in Delaware.
- tZERO had previously claimed that Securitize's DS Protocol and Vault Registrar infringed two patents held by the company.
- Securitize said tZERO's patent infringement claims are baseless and run against the spirit of fair competition in the industry.
Forecast Trend Report by Period
Securitize, a real-world asset tokenization platform, has sued digital securities infrastructure company tZERO in federal court in Delaware.
The Block reported on June 22 that tZERO had previously alleged Securitize's DS Protocol and Vault Registrar infringed two of its patents related to self-executing security tokens and integrated cryptocurrency infrastructure.
Securitize rejected the allegation, saying tZERO's patent infringement claims are baseless.
The company said tZERO had brought a meritless patent suit and that the claims run counter to the industry's principles of fair competition.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
