Circle buys over 680 patent families from IBM
Circle has acquired a significant portfolio of blockchain patents from IBM, comprising over 680 patent families and nearly 1,000 issued patents.
The portfolio covers a wide range of applications, including banking, insurance, and supply chain verification.
Circle plans to deploy the patents across its various products, including USDC, Circle Payments Network, and its Arc blockchain.
The acquisition makes Circle the largest blockchain patent holder in the United States, surpassing IBM’s previous position.