Kevin Helms
A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of finance and cryptography.
Financial Giant Fidelity Files Trademarks for Crypto, NFT and Metaverse Products – Featured Bitcoin News
Fidelity Investments, a major financial firm with $10 trillion in assets under management, has filed multiple trademark applications for a wide range of cryptocurrency, non-fungible token (NFT) and metaverse products and services.
Fidelity’s crypto and metaverse trademark applications
Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT) and metaverse products and services. Fidelity has $9.6 trillion in assets under administration as of September 30; the financial firm serves around 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 NFTs + NFT marketplaces, metaverse investment services, virtual real estate investment, cryptocurrency trading and more.
The financial giant’s trademark applications were submitted on 21 December. Their serial numbers are 97727473, 97727439 and 97727409.
The Applications specifically describe a large 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 brokerage services, money management, financial analysis and Asset Management.
Fidelity is no stranger to the metaverse. In April, the financial 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 trading of bitcoin and ether. 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 saying, “Bitcoin’s first technological breakthrough was not as a superior payment technology, but as a superior form of money. As an economic good, 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 filed crypto-related trademark applications. Last month, JPMorgan Chase was granted a wallet trademark covering various virtual currency and payment services.
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.
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