Representatives of the Tolkien estate said the product, which was launched in August 2021, infringed the trademark of the world-famous author.
The domain name “jrrtoken.com” was successfully recovered without opposition by the estate and all operations under the offending name were halted.
The US-based developer paid the estate’s legal costs for an undisclosed sum.
Steven Maier, solicitor for the Tolkien estate, said: “The Tolkien estate is vigilant in preventing unauthorised parties from taking advantage of the JRR Tolkien name and the content of JRR Tolkien’s literary works.
“This was a particularly flagrant case of infringement and the estate is pleased that it has been concluded on satisfactory terms.”
JRR Tolkien’s internationally-recognised literary works, including The Hobbit and The Lord of the Rings, have been translated into 36 languages and have sold an estimated 100 million copies worldwide.