Fidelity and HSBC File Trademark Applications for NFTs and Metaverses

Investment firm Fidelity Investments and bank HSBC have filed trademark applications with the US Patent and Trademark Office (USPTO) related to NFTs, the metaverse and Web3.

As USPTO Licensed Attorney Mike Kondoudis tweeted, Fidelity intends to offer a wide range of investment services in the virtual world.. This includes working with mutual and pension funds, investment management, financial planning and virtual real estate investments.. Also in development may be payment services that allow you to make payments and money transfers using the metaverse. Fidelity Investments plans to introduce an electronic wallet for storing and processing virtual payments and transactions with digital tokens.

In addition, the application of Fidelity Investments indicates that the company is going to conduct training sessions, consultations, seminars and conferences in the metaverse on the topics of finance, marketing and investment.. Non-fungible tokens (NFTs) are also on the agenda for Fidelity as the company considers launching an online marketplace for buying and selling collectible tokens.. However, Fidelity does not disclose details about this platform.

Fidelity Isn't the Only Financial Institution Entering the Metaverse Space. HSBC has also filed trademark applications with the USPTO related to NFT exchange and transfer, as well as virtual credit cards.. According to HSBC's filing, the bank also plans to provide financial advice in the metaverse and create virtual environments where customers can interact with the bank.

In October, Kondudis revealed that more than 6,000 NFT and blockchain-related trademark applications had been filed with the office this year.. This figure is three times higher than in 2021.