Fidelity Investments, a giant financial services firm with $10 trillion under management, has filed a series of trademark applications protecting a variety of cryptocurrency, nonfungible token (NFT), and metaverse products.
Fidelity Enters the Metaverse with Crypto Trademark Applications
Fidelity Investments, with nearly 40 million individual investors and $9.6 trillion in AUM as of September 30, submitted three trademark filings to the United States Patent and Trademark Office (USPTO) last week covering a range of crypto, NFT, and metaverse services and products. Mike Kondoudis, a USPTO-licensed trademark lawyer, tweeted on Monday:
Fidelity is looking to the metaverse. The firm has recently filed three trademark applications for NFTs, NFT markets, metaverse investment services, virtual real estate investing, and cryptocurrency trading.
The trademark applications were filed on December 21, with serial numbers 97727473 and 97727439. The applications reveal a variety of services, including “investment management services in the metaverse and other virtual worlds.” This includes mutual fund and retirement fund investments.
Fidelity is no stranger to the metaverse. In April, the financial services company opened a multilevel learning center called “The Fidelity Stack” in Decentraland. The firm also launched a metaverse ETF (exchange-traded fund) that month. In November, Fidelity Investments started offering free commission Bitcoin and Ether trading to retail investors, though its subsidiary Fidelity Digital Assets has been offering Bitcoin services to institutional investors since 2009, and recently added Ether trading.
Fidelity is not alone in filing trademark applications for metaverse and cryptocurrency products and services with the USPTO. Banking giant HSBC filed trademark applications for a number of digital currency and metaverse products last month. In October, Visa, Paypal, and Western Union similarly filed cryptocurrency-related trademark applications. JPMorgan Chase unveiled a wallet brand last month offering virtual currency and payment services.
What do you think about Fidelity filing trademark applications for a wide range of NFT, crypto, and metaverse products and services? Let us know in the comments section below.
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