The asset management juggernaut Fidelity has registered several trademarks in the United States for a multitude of services and products related to the Web3. The trademark applications filed by the American company cover the provision of financial services in the metaverse, the organization of educational programs within these virtual worlds, but also the creation of an NFT marketplace.
Fidelity arms itself to conquer the metaverse
December 21, Fidelity has registered 3 trademark applications with the United States Patent and Trademark Office (USPTO). These requests relate to the provision of traditional services in virtual worlds, namely metaverses.
Documents filed by Fidelity indicate that the company may soon offer a panoply of financial services within these virtual worlds :
- real estate investment services;
- mutual funds;
- pension funds;
- investment management and financial planning;
- etc
The company is also looking into anything that might concern payment in the metaverses. The documents filed mention in particular the payment of invoices, the transfer of funds or even “the operational management of credit card accounts”. All this would a priori be accompanied by a digital wallet dedicated to cryptocurrencies.
In addition, one of Fidelity’s filings indicates that Fidelity may deliver educational programs in the metaverse in “organizing courses, workshops, seminars and conferences in the field of investments and in the marketing of financial services”.
Fidelity also appears to have plans for non-fungible tokens (NFTs).. Also according to trademark filings, the asset manager could launch “an online marketplace for buyers and sellers of digital media, namely non-fungible tokens”. On this aspect, few details have been provided by the company.
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A strong rapprochement with cryptocurrencies
Since Wall Street is interested in the world of cryptocurrencies, Fidelity has been one of the fastest companies to embrace the movement.t. Last October, Fidelity considered consolidating with 100 additional employees its team dedicated to the Web already composed of 400 people.
Forerunner in its category, the asset manager has allowed its institutional clients to invest in Bitcoin (BTC) since 2020. Even more surprisingly, while it is the first provider of retirement savings plans in the United States, Fidelity has added Bitcoin (BTC) to its investment options. So, depending on several factors, Americans can now place up to 20% of their savings account in cryptocurrencies.
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Source: US Patent and Trademark Office
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Editor-in-chief of Cryptoast, I discovered Bitcoin and blockchain technology in 2017. Since then, I have been striving to share quality content so that the sector becomes more democratic for everyone.
Clement Wardzala
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