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Digital asset data company Bonanza Lab announced on the 3rd that it has registered a patent for technology related to digital asset index calculation data services.
Founded in 2022, Bonanza Lab provides real-time market data, market trends, benchmark prices, and other information of digital assets via API, securing major clients including banks, securities firms, and asset management companies.
This patent covers technology that integrates the entire process of index operation within a single system. It addresses processes from collecting and standardizing data across multiple exchanges to quality assessment, index calculation, anomaly monitoring, fault response, and result delivery.
The focus of the technology is on ensuring the reliability and transparency of the calculation process so that digital asset indices can be used as benchmark prices for financial products. The system is designed to standardize data collected from various exchanges and manage index calculation history and anomalies, thereby enhancing data accuracy and operational stability of the index.
The technology development was carried out based on actual business experience. Bonanza Lab has conducted PoC (proof of concept) projects with domestic index operators to apply indices in financial services, incorporating requirements identified during these processes—such as data quality management, calculation history tracking, fault response, and result verification—into the patented technology.
With this patent registration, Bonanza Lab has established a technical foundation to expand its business scope. The company aims to move beyond its existing data business of supplying digital asset prices and historical data into the field of data infrastructure that supports the calculation and operation of indices used in financial products.
Park Hye-yeon, co-founder of Bonanza Lab, stated, "For digital assets to be utilized as underlying assets for financial products, reliable data and an infrastructure capable of consistently calculating and stably operating them based on uniform standards are essential."
She added, "Building on this patent, we will proactively prepare the necessary infrastructure for the digital asset financial product market, including Bitcoin ETFs, and expand cooperation with financial institutions and index operators."
[MoneyToday startup media platform Unicorn Factory]
in FUTURE
