This describes an online trading system, specifically an Alternative Trading System (ATS), that automatically takes information about private credit assets and breaks them into smaller, tradable digital pieces. It then uses smart contracts to allow different parties to exchange these digital pieces, recording all transactions on multiple ledgers. The system also involves notifying users, receiving exchange proposals, and sending out invitations for trades.
Why it matters: The short time since filing means no significant technological shifts have occurred to simplify the complex integration of an ATS with blockchain and smart contracts.
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