MatterFi, the parent company behind AmericanFortress, announced on Wednesday that it has been awarded a patent, that enables send-to-name functionality without exposing wallet addresses, targeting phishing attacks that have resulted in billions of dollars in losses across the industry.
The patented technology, branded as FortressNames, allows users to send cryptocurrency by entering a recipient's name rather than a wallet address.
The system automatically generates unique receiving addresses through cryptographic computation that are only visible to the sender and recipient, functioning across multiple blockchains and tokens.
According to blockchain security firms, phishing attacks, clipboard hijacking, and address manipulation remain among the most prevalent attack vectors in cryptocurrency, with users required to manually verify long alphanumeric wallet addresses for each transaction.
The technology aims to remove this vulnerability by eliminating the need for users to handle visible addresses entirely.
"For too long, crypto users have been forced to choose between security and usability – memorizing cryptic strings, triple-checking addresses, and living in constant fear of clipboard hijacking and phishing attacks," said Mehow Pospieszalski, CEO of AmericanFortress. "This patent represents our commitment to restoring crypto's founding ideals of sovereignty, privacy, and freedom."
The system operates as what MatterFi describes as an automatically computed decentralized stealth address system based on one-way non-interactive cryptographic proofs.
Each transaction generates a new receive address through cryptographic computation rather than using static wallet addresses that can be compromised or manipulated.
The patent grants MatterFi rights to dynamic address computation in decentralized finance applications, enabling protocols to distinguish between users while maintaining cryptographic privacy.
The company has filed eight additional patent applications and stated it continues to develop intellectual property in this area. Beyond individual user protection, MatterFi is positioning the technology for use by autonomous AI agents conducting cryptocurrency transactions.
The system enables AI agents to verify counterparties and execute transactions without exposing wallet addresses to potential compromise.
"Even AI agents, built to automate the future, are currently left transacting blind," Pospieszalski noted. "Our technology changes that." The AmericanFortress SDK is designed to allow developers to integrate the technology into applications, platforms, and AI systems.
MatterFi stated that several organizations have adopted or are implementing the technology, including Litecoin Foundation, Eqifi, Trustswap, and Brinks Global. The company's investors and advisors include DNA Fund, Brock Pierce, Michael Terpin, Lunar Digital Assets, Sarson Funds, and Moon Pursuit Capital.
The patent award comes as the cryptocurrency industry continues to grapple with security challenges related to wallet address management.
Traditional cryptocurrency transactions require users to copy and paste or manually enter wallet addresses, creating opportunities for malware to intercept clipboard data or phishing sites to substitute fraudulent addresses.
MatterFi's approach represents one of several industry efforts to improve cryptocurrency usability and security through abstracted addressing systems, though the company's patent may give it exclusive rights to certain implementations of dynamic address computation technology.
The technology's effectiveness in preventing phishing attacks and its adoption rate among users and institutions will be determined as implementation expands beyond early partners.