The world’s largest investment management firm, Fidelity Investments, has submitted trademark applications in the United States for a variety of Web3 goods and services. These applications cover a marketplace for nonfungible tokens (NFTs), as well as financial investment and cryptocurrency trading services in the metaverse. This information comes from three trademark applications that were filed with the United States Patent and Trademark Office (USPTO) on December 21. These applications were highlighted in a tweet that was sent out by licenced trademark attorney Mike Kondoudis on December 27.
#Fidelity has plans for the metaverse!
— Mike Kondoudis (@KondoudisLaw) December 26, 2022
The company has filed 3 trademark applications covering
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Investment Services
▶️ Virtual Real Estate Investing
▶️ Cryptocurrency Trading
… and more!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z
According to the filings, Fidelity intends to launch a variety of products and services in the metaverse, including mutual funds, retirement funds, financial planning, securities brokerage services, financial analysis, investment services, insurance brokerage services, and real estate investment services.
Fidelity plans to develop e-wallet services for storing and processing virtual currency for electronic payments and transactions over a worldwide computer network; digital currency, virtual currency, cryptocurrency digital token, crypto token, and utility token trading services.
Electronic wallet services in the nature of electronic storage and processing of virtual currency for electronic payments and transactions via a global computer network; digital currency, virtual currency, cryptocurrency digital token.
Part of the filing reads
In addition, Fidelity suggests it may provide “classes, workshops, seminars, and conferences in the area of investments and the field of marketing financial services” in the virtual world.
Fidelity has been quite vocal about cryptocurrencies recently. While the gloomy market may have discouraged the company from expanding into other digital assets, the introduction of an Ethereum index fund in October and the availability of retail crypto trading accounts in November both demonstrated its commitment to this goal.
