Fidelity to Enter The Metaverse With Latest Trademark Applications

Investment giant Fidelity is showing little fear of the bears with its latest trademark applications. The firm is keen to tap into the Metaverse and NFTs.
On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments.
There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading.
The first relates to digital media and NFTs, and the second is the provision for an online marketplace for the sale of NFTs.


Crypto Trademarks Sought by Fidelity
It appears that Fidelity wants to offer its services in the Metaverse rather than build its own Metaverse. The third trademark application included mutual fund investment services, retirement fund investment services, investment management, financial planning, and electronic bill payment in the Metaverse and other virtual worlds.


It also mentions digital currency services, crypto trading, wallets, storage, and custody. Pretty much anything related to crypto was mentioned in the application filing.
Fidelity is one of America’s largest pension providers, and it allowed investors to include Bitcoin in their pension plans earlier this year. The move riled anti-crypto policymakers such as Elizabeth Warren, who urged the firm to reconsider, citing the same tired warnings over risks and money laundering.
In November, the asset manager’s crypto unit Fidelity Digital Assets, allowed its retail clients to invest in Bitcoin and Ethereum. The firm is clearly still keen on the asset class and related web3 technologies despite this year’s bear market.
On Dec. 23, international banking giant HSBC filed trademark applications for its name and logo. They include provisions for NFTs, crypto exchange and transfer, and Metaverse credit card processing.

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