CrossFi Secures Global Patent Protection in 181 Countries and 70-Year Design Registrations

• CrossFi has established a competitive advantage in the web3 fintech market by obtaining 70-year design registrations for its user interfaces in addition to using the patents.
• The patents will effectively protect CrossFi’s innovations from infringement, prohibiting illegal replication or imitation in a number of significant markets.

As a significant step toward its goal of bridging the DeFi and TradFi worlds, digital payment platform CrossFi is pleased to announce that its core technologies are now officially patented and recognized in 181 countries.

CrossFi has established a competitive advantage in the web3 fintech market by obtaining 70-year design registrations for its user interfaces in addition to using the patents to safeguard its intellectual property. The international recognition establishes CrossFi as a pioneer in digital finance and attests to the uniqueness of its innovations.

The infrastructure that seamlessly combines the DeFi and TradFi systems, the blockchain-based FastPayments system, the decentralized exchange protocol MPX (Multi-Purpose Exchange), the xAssets tokenization platform for real-world and synthetic assets, and the company’s eponymous banking app are all covered by the international patents.

The patents will effectively protect CrossFi’s innovations from infringement, prohibiting illegal replication or imitation in a number of significant markets.

Alexander Mamasidikov, CEO, Chief Ideologist and Founder of CrossFi stated:

“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 innovations; there are no comparable technologies in existence today. It is the result of years of focused effort and determination. While a formal valuation is still ahead of us, this is a defining step on our path toward a future IPO. I’m incredibly proud of what we’ve achieved and inspired by what lies ahead.”

The user interface designs of CrossFi’s website, mobile app, console dashboard, and blockchain scan tools are among the IP elements that will profit from the 70-year protection, strengthening the brand’s unique visual identity and user experience going forward. To guarantee exclusive rights to the brand and uniformity across all markets, the business has also filed a large number of trademarks, including Cross Finance, CrossFi, CrossFi Chain, XFI, XFI Scan, XFI Console, MPX, CrossFi xAssets, and CrossFi xAPP.

Last year, CrossFi launched its Layer-1, EVM-compatible mainnet and onboarded over a million customers. It will facilitate transactions at more than 100 million merchants globally. It will provide a scalable worldwide payment network that blends conventional finance’s dependability and user experience with blockchain’s security and transparency.

CrossFi Chain is an innovative blockchain that offers a cutting-edge, inclusive solution that smoothly connects cryptocurrency and fiat. With its cutting-edge non-custodial payment technology, consumers experience unmatched access, transparency, and convenience while keeping complete control over their funds. For everyone, CrossFi offers genuine financial independence and inclusion. Visit https://crossfi.org/ to find out more.