Fidelity and HSBC File Trademark Applications for NFTs and Metaverses

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Investment company FidelityInvestments and HSBC Bank have filed applications with the US Patent and Trademark Office (USPTO) to register trademarks related to NFTs, metaverses and Web3.

As licensed tweetedUSPTO attorney Mike Kondoudis, Fidelity intends to offer a wide range of investment services in the virtual world. This includes working with mutual funds and pension funds, investment management, financial planning and investing in virtual real estate. Payment services may also be in development, allowing payments and money transfers using the metaverse. Fidelity Investments plans to introduce an electronic wallet for storing and processing virtual payments and digital token transactions.

In addition, in the Fidelity Investments applicationit is indicated that the company intends to conduct training sessions, consultations, seminars and conferences on finance, marketing and investment in the metaverse. Non-fungible tokens (NFTs) are also on Fidelity's plans as the company considers launching an online marketplace for buying and selling collectible tokens. However, Fidelity does not disclose detailed information about this platform.

Fidelity is not the only financialan institution entering the space of metaverses. HSBC has also filed trademark applications with the USPTO related to NFT trading and transfer, as well as virtual credit cards. According to HSBC's application, the bank also plans to provide financial advice in the metaverse and create virtual environments in which customers can interact with the bank.

In October, Kondoudis reported that this year inThe office has filed more than 6,000 trademark applications related to NFTs and blockchain. This figure is three times higher than the same figure for 2021.