Investment firm Fidelity Investments and bank HSBC have filed trademark applications with the US Patent and Trademark Office (USPTO) related to NFTs, the metaverse and Web3.
As USPTO licensed attorney Mike Kondoudis tweeted, Fidelity intends to offer a wide range of investment services in the virtual world. This includes working with mutual and pension funds, investment management, financial planning, and investing in virtual real estate. Also in development may be payment services that allow you to make payments and money transfers using the metaverse. Fidelity Investments plans to introduce an electronic wallet for storing and processing virtual payments and transactions with digital tokens.
In addition, Fidelity Investments’ filing states that the company intends to host training sessions, consultations, seminars, and conferences in the metaverse on finance, marketing, and investment. Non-fungible tokens (NFTs) are also on the agenda for Fidelity as the company considers launching an online marketplace for buying and selling collectible tokens. However, Fidelity does not disclose details about this platform.
Fidelity isn’t the only financial institution to enter the metaverse space. HSBC bank too filed USPTO trademark applications related to NFT exchange and transfer, as well as virtual credit cards. According to HSBC’s filing, the bank also plans to provide financial advice in the metaverse and create virtual environments where customers can interact with the bank.
In October, Kondudis revealed that more than 6,000 NFT and blockchain-related trademark applications had been filed with the office this year. This figure is three times higher than in 2021.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
