Asset management firm, Fidelity Investments has filed trademark applications in the United States for a host of Web3 products and services, including a non-fungible token (NFT) marketplace and financial investment and crypto trading services in the metaverse.
This is according to three trademark filings submitted to
the United States Patent Trademark Office (USPTO) on Dec. 21, of which was also
highlighted by licensed trademark attorney Mike Kondoudis in a Dec. 27 tweet.
One of the key areas of the firm’s focus appears to be the
Metaverse, with Fidelity indicating that it could offer a wide range of
investment services within virtual worlds including mutual funds, retirement
funds, investment management and financial planning to name a few.
It also appears that metaverse-based payment services could
be in the works, including electronic bill payments, fund transfers and the
“financial administration of credit card accounts in the metaverse and other
virtual worlds.”
In terms of crypto, the filings indicate that the firm could
also launch trading and management services in the Metaverse, along with
providing virtual currency wallet 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,” the filing reads.
Additionally, The $4.2 trillion asset management firm outlines
that it could offer educational services in the Metaverse in the form of
“conducting classes, workshops, seminars and conferences in the field of
investments and in the field of marketing financial services.”
“Providing business information to financial service
providers by means of an internet web site, in the field of business marketing
in the metaverse and other virtual worlds; referral services in the field of
investment advice and financial planning in the metaverse and other virtual
worlds” one filing reads.
NFTs are also on Fidelity's plans, stating that it could
also launch an “online marketplace for buyers and sellers of digital media,
namely, non-fungible tokens,” however further details on such are sparse.
The latest filings from Fidelity show that the firm has not
been spooked by the intense bear market in 2022 and recent FTX implosion, and
is instead looking to increase its exposure and offerings in Web3.
The firm essentially outlined as such and called for
stronger regulation when responding to a Nov. 21 letter from crypto hating
senators Elizabeth Warren, Tina Smith and Richard Durbin, which had called on
Fidelity to reconsider its Bitcoin
BTC ↓ $16,871
retirement products due to the “volatile, tumultuous and chaotic” nature
of crypto assets.
A Fidelity spokesperson told Cointelegraph at the time that
the company "has always prioritized operational excellence and customer
protection" and noted that "recent events" in the crypto
industry have only "underscored the importance of standards and
safeguards."
It is also worth noting that back in October, Fidelity was
reportedly looking to beefing up its crypto unit by hiring 100 new staff
members, providing a stark contrast to a number of crypto firms that have laid
off a significant amount of employees this year.
0 comments:
Post a Comment