Loan sale advisor DebtX has been awarded a patent by the United States Patent and Trademark Office for its online loan sale and debt trading exchange program. This protects DebtX's innovations relating to due diligence, loan sales and debt trading that has played an important role in transforming the way commercial loans are bought and sold, DebtX said in a statement.
"We're pleased that the US Patent Office has recognized the unique components of DebtX's approach to loan sales, which has successfully generated billions of dollars in liquidity and has ushered in a new era of active portfolio management for financial institutions," said DebtX CEO Kingsley Greenland, in the statement.
Founded in 2000, DebtX helps commercial banks, insurance companies, investment banks, government agencies and other institutions create liquidity for commercial real estate loans, commercial and industrial loans, specialty finance and other kinds of debt instruments.
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