HomeCryptoFinancial Giant Fidelity File Brands for Crypto, NFT and Metaverse Products – Bitcoin News Spotlight
Financial Giant Fidelity File Brands for Crypto, NFT and Metaverse Products – Bitcoin News Spotlight
December 31, 2022
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT) and metaverse products and services.
Fidelity’s Crypto and Metaverse branded applications
Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a broad range of cryptocurrency, non-fungible token (NFT) and metaverse products and services. Fidelity has $9.6 trillion in assets under management as of September 30; the financial services firm serves approximately 40 million individual investors.
Mike Kondoudis, a USPTO licensed trademark attorney, tweeted on Monday:
Fidelity has plans for the metaverse! The company has filed 3 trademark applications covering NFT + NFT marketplaces, metaverse investment services, virtual real estate investing, cryptocurrency trading, and more.
The financial services giant’s trademark applications were filed on Dec. 21. Their serial numbers are 97727473, 97727439 and 97727409.
The applications detail a vast number of products and services “in the metaverse and other virtual worlds,” including mutual fund investment services, pension fund investment services, investment management services, financial planning, 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” at Decentraland. In the same month, the firm also launched a metaverse exchange-traded fund (ETF).
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 started offering ether trading. The firm released 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 asset, bitcoin is unique.
A growing number of large companies are filing cryptocurrency and metaverse-related trademark applications with the USPTO. This month, banking giant HSBC filed trademark applications for a range of digital currency and metaverse products. In October, Visa, Paypal, and Western Union similarly filed crypto trademark applications. Last month, JPMorgan Chase obtained a portfolio 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 below.
An Austrian business student, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests are in Bitcoin security, open-source systems, network effects, and the intersection of economics and cryptography.
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