Fidelity plans to market NFT and financial services in the metaverse

Investment large Fidelity Investments has filed US trademark functions for a variety of Web3 merchandise and services, together with a non-fungible token (NFT) market and financial funding and cryptocurrency buying and selling services in the metaverse.

That’s in accordance to three trademark filings filed with the United States Patent and Trademark Office (USPTO) on Dec. 21, highlighted in a Dec. 27 tweet by licensed trademark legal professional Mike Kondudis.

#loyalty has plans for the metaverse.

The firm has filed 3 trademark functions, together with:
▶️ NFTs + NFT Markets
▶️ Metaverse Investment Services:
▶️ Investing in digital actual property
▶️ Cryptocurrency buying and selling
… and far more. #NFTs: #Metaverse #Encrypted #Web3: #Defy #Finances

— Mike Kondoudis (@KondoudisLegislation) December 26, 2022

One of the firm’s key areas seems to be metaversion, the place Fidelity says it may possibly supply a variety of funding services in digital worlds, together with mutual funds, pension funds, funding administration and financial planning.

It additionally seems that metaverse-based fee services may very well be developed, together with digital invoice funds, cash transfers, and “financial administration of bank card accounts in the metaverse and different digital worlds.”

In phrases of crypto, the filings point out that the firm might function buying and selling and administration services in the metaverse, in addition to present digital foreign money pockets services.

“Electronic pockets services in the nature of digital storage and processing of digital foreign money for digital funds and transactions by way of a worldwide pc community; digital foreign money, digital foreign money, cryptocurrency digital token,” the doc reads.

Fidelity Investments Trademark Application: USPTO

In addition, Fidelity describes that it could supply instructional services in the metaverse “in the type of lessons, workshops, seminars and conferences in the advertising of investments and financial services.”

“Provision of economic info to financial service suppliers by way of an Internet web site, in the discipline of economic advertising in the metaverse and different digital worlds; reference services in the discipline of funding recommendation and financial planning in the metaverse and different digital worlds,” the doc says.

NFTs are additionally in Fidelity’s plans, and the funding supervisor notes that it may open an “on-line market for consumers and sellers of digital media, i.e. non-fungible tokens,” however additional particulars on which can be scarce.

Fidelity’s newest filings present that the firm has not been intimidated by the intense bear market of 2022 and the current FTX explosion, and is as an alternative wanting to improve its publicity and choices in Web3.

The firm basically described it as such and referred to as for stronger regulation in response to a Nov. 21 letter from crypto-hating senators Elizabeth Warren, Tina Smith, and Richard Durbin, who urged Fidelity to evaluation its Bitcoin (BTC) retirement product for Crypto Assets ” risky, turbulent and chaotic’ nature.

A Fidelity spokesperson instructed Cointelegraph at the time that the firm has “at all times prioritized operational excellence and buyer safety” and famous that “current occasions” in the crypto trade have solely “underscored the significance of requirements and safeguards.”

It’s additionally value noting that in October, Fidelity seemed to bolster its crypto unit by hiring 100 new staff, a stark distinction to a number of crypto companies which have lower vital numbers of staff this yr.


Leave a Comment

Your email address will not be published. Required fields are marked *