Fidelity Files Trademark Applications for Crypto, NFT, and Metaverse Products

•Fidelity Investments, a major financial services firm, has filed three trademark applications with the United States Patent and Trademark Office (USPTO) for a range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.
•The applications detail products and services for “the metaverse and other virtual worlds,” including mutual fund investment services, retirement fund investment services, investment management services, financial planning, securities brokerage services, money management, financial analysis, and investment management.
•In April, Fidelity opened a multi-level learning center called “The Fidelity Stack” in Decentraland, and in November, the firm launched a metaverse ETF.

Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, recently filed three trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. According to Mike Kondoudis, a USPTO-licensed trademark attorney, Fidelity has plans for the metaverse.

The applications filed by Fidelity detail a vast number of products and services “in the metaverse and other virtual worlds,” including mutual fund investment services, retirement fund investment services, investment management services, financial planning, securities brokerage services, money management, financial analysis, and investment management.

Fidelity is no stranger to the metaverse. In April, the financial services firm opened a multi-level learning center called “The Fidelity Stack” in Decentraland. The firm also launched a metaverse exchange-traded fund (ETF) in the same month. In November, Fidelity Investments became the first major financial institution to offer its customers access to a digital asset custodian.

The trademark applications are an indication that Fidelity is planning to expand its involvement with the crypto and metaverse space. The company already has an extensive portfolio of products and services related to these fields, and the trademark applications suggest that the financial services giant is looking to broaden its offerings in the near future.

Fidelity has long been at the forefront of the digital asset revolution. The firm has been involved in the crypto space since its launch of the Fidelity Bitcoin Custody service in 2015. The firm also recently announced a partnership with BlockFi to offer cryptocurrency-based loans to its customers.

It is clear that Fidelity is serious about its involvement in the crypto and metaverse space. The company’s filings with the USPTO demonstrate its commitment to innovation and expansion in these fields. With its vast resources and expertise, Fidelity is well-positioned to become a major player in the crypto and metaverse space going forward.