Securitize has filed a lawsuit against tZERO, requesting a federal court to declare that it does not infringe on tZERO's tokenization-related patents. This legal action follows a cease-and-desist letter from tZERO, which accused Securitize's DS Protocol and Vault Registrar products of infringing patents related to self-executing security tokens and crypto-integrated infrastructure. tZERO demanded cessation of commercialization by June 18, threatening legal action.
In its complaint to the U.S. District Court for the District of Delaware, Securitize labeled tZERO's claims as "baseless," arguing that its products do not include key patented elements such as transaction execution and signing functionalities. Securitize contends that tZERO's actions are driven by shareholder pressure rather than fair market competition. The company is seeking a declaratory judgment of non-infringement to prevent tZERO from pursuing further legal action based on these patents.
Securitize Seeks Court Dismissal of tZERO's Patent Infringement Claims
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