CrossFi secures global tech patents in 181 countries and sets design rights registrations for 70 years

In this post:

• CrossFi has secured technology patents that are recognized in 181 countries.
• The company said the patents have been granted a 70-year protection period.
• The firm registered trademarks covering Cross Finance, CrossFi, CrossFi Chain, XFI, XFI Scan, XFI Console, MPX. CrossFi xAssets, and CrossFi xAPP.

Digital payment platform CrossFi announced that its core technologies are now patented and recognized in 181 countries. The crypto firm also noted it has secured 70-year design registrations for its user interfaces.

The company’s CEO, Alexander Mamasidikov, argued that the patents’ 70-year protection period will provide the company with legal protection and cement its competitive edge in the Web3 fintech space. He also acknowledged that the company’s milestone defines its step towards a future IPO.

CrossFi secures tech patents in 181 countries

The crypto payment platform CrossFi has revealed that it has secured tech patents for its core technologies. The firm also acknowledged that it has officially been patented and recognized in 181 nations.

In addition to protecting its intellectual property with patents, CrossFi highlighted that it has secured 70-year design registrations for its user interfaces. The company argued that the global recognition validates the originality of its innovations and positions the company as a leader in digital finance.

The decentralized finance (DeFi) firm also maintained that global patents would cover its foundational proprietary technologies. The technologies include CrossFi’s infrastructure that blends DeFi and TradFi systems, the blockchain-based FastPayments system, the decentralized exchange protocol MPX (Multi-Purpose Exchange), and xAssets tokenization platform for real-world and synthetic assets.

CrossFi also believes that the patents will help safeguard it from infringement, which will prevent unauthorized imitation or replication in multiple major markets.

“Today marks a significant milestone for our team. Each patent has been granted with a 70-year protection period, providing us with robust legal protection and affirming the uniqueness of our innovation; there are no comparable technologies in existence today. It is the result of years of focused effort and determination,”

-Alexander Mamasidikov, CEO, Chief Ideologist, and Founder of CrossFi.

Mamasidikov also said that CrossFi’s move marked a “defining step” on its path toward a future IPO despite having a formal valuation ahead. “I’m incredibly proud of what we’ve achieved and inspired by what lies ahead,” he added.

CrossFi’s 70-year protection to benefit its IP elements

The DeFi platform highlighted IP elements that will benefit from the 70-year protection, including CrossFi’s user interface designs encompassing its website, mobile app, console dashboard, and blockchain scan tools. The firm believes that it will fortify its brand’s distinctive user experience and visual identity in the future.

The crypto company also noted it has registered several trademarks to ensure exclusive rights to its brand and consistency across all markets. The firm said the trademarks will cover Cross Finance, CrossFi, CrossFi Chain, XFI, XFI Scan, XFI Console, MPX. CrossFi xAssets, and CrossFi xAPP.

CrossFi revealed it will support purchases at over 100 million merchants worldwide. The crypto company also added that it has onboarded over a million users and launched its Layer-1 EVM-compatible mainnet last year. The DeFi platform noted that it will offer a scalable global payment network that combines the security and transparency of blockchain with the stability and user experience of traditional finance.