Circle has acquired nearly 1,000 blockchain patents from IBM, giving the USDC issuer what it describes as the largest blockchain patent portfolio in the United States.
Summary
- Circle acquired nearly 1,000 issued patents spanning more than 680 patent families.
- The portfolio covers blockchain, banking, insurance, cloud security, and enterprise infrastructure.
- Circle has not disclosed the purchase price or explained whether it could enforce the patents against competitors.
- CRCL initially gained about 2%, but later fell after Morgan Stanley cut its target to $38.
Circle takes control of IBM’s blockchain portfolio
Circle announced the acquisition on July 27,…
