Crypto Skeptic Bank HSBC Registers Trademark for NFTs and Metaverse

One of the largest financial conglomerates in the world HSBC has registered trademarks for non-fungible tokens and the metaverse British financial institution HSBC has registered trademarks for the NFT marketplace and the metaverse. Patent attorney Mike Kondoudis announced this on his Twitter page.. According to the description of the trademarks, the bank registered the trademarks with the US Trademark and Patent Office as early as December 15th. Source: The application description refers to the bank's plans to develop virtual goods in the metaverses. Also, the British bank is interested in processing transactions with virtual payment cards. In addition to the metaverses, HSBC also wants to provide financial services in the circulation of non-fungible tokens (NFT). However, there is no talk of any specific developments of the bank yet.. Officially, HSBC also decided not to comment on trademarks.. HSBC's interest in the Metaverse traces back to Spring 2022. Then HSBC bought a virtual piece of land in The Sandbox to develop esports gaming initiatives. Suresh Balaji, head of marketing for Asia Pacific at HSBC, said the bank sees “great potential” to create new experiences through gaming platforms.. The financial details of the deal are still unknown. HSBC is considered one of the main cryptocurrency industry skeptic banks.. For example, it was the first financial institution to ban clients from trading MicroStrategy shares due to buying up the latest bitcoin worth billions of dollars.. In Mac 2021, the head of the European division of HSBC, Noel Quinn, announced that he would not support cryptocurrencies and launch a platform for trading them.. Despite skepticism about cryptocurrencies, the bank is actively testing distributed ledger technology. For example, in November, Wells Fargo, together with HSBC, reported processing financial transactions for more than $ 200 billion using a distributed ledger.. This is stated in a joint press release. Disclaimer All information contained on our website is published in good faith and objectivity, and for informational purposes only.. The reader is solely responsible for any actions taken by him on the basis of information received on our website.