Fidelity Investments, a major financial services firm with $10 trillion in assets under management, has filed several trademark applications for a wide range of cryptocurrencies, non-fungible tokens (NFTs), and metaverse products and services.
Fidelity Metaverse and Cryptography Trademark Applications
Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrencies, non-fungible tokens (NFTs), and metaverse products and services. Fidelity has $9.6 trillion in assets under management as of September 30; the financial services firm serves some 40 million individual investors.
Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday:
Fidelity has plans for the metaverse! The company has filed 3 trademark applications covering NFT + NFT markets, metaverse investment services, virtual real estate investing, cryptocurrency trading, and more.
The financial services giant’s trademark applications were filed on December 21. Its serial numbers are 97727473, 97727439 and 97727409.
The apps specifically detail a large number of products and services “in the metaverse and other virtual worlds,” including mutual fund investment services, retirement fund investment services, investment management services, financial planning, brokerage services securities, money management, financial analysis and investment management.
Loyalty is no stranger to the metaverse. In April, the financial services firm opened a multi-level learning center called “The Fidelity Stack” in Decentraland. The firm also launched a metaverse exchange-traded fund (ETF) in the same month.
In November, Fidelity Investments began offering commission-free retail bitcoin and ether trading. However, its subsidiary Fidelity Digital Assets has been offering bitcoin services to institutional investors for several years and recently began offering ether trading. The firm published a report earlier this year, stating: “Bitcoin’s first technological breakthrough was not as a superior payment technology but as a superior form of money. As a monetary commodity, bitcoin is unique.
A growing number of large corporations are filing cryptocurrency and metaverse-related trademark applications with the USPTO. This month, banking giant HSBC filed trademark applications for a variety of digital currency and metaverse products. In October, Visa, Paypal, and Western Union similarly filed cryptocurrency-related trademark applications. Last month, JPMorgan Chase was awarded a wallet brand covering various payment services and virtual currency.
What do you think about Fidelity filing trademark applications for a wide range of crypto, NFT and metaverse products and services? Let us know in the comments section.
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