Fidelity Investments, a major financial services corporation based in the United States, has submitted three trademark applications indicating its intention to enter the non-fungible token (NFT) and metaverse markets.
According to the applications filed with the USPTO on December 21, Fidelity intends to offer NFTs featuring textual and graphic content, as well as an NFT marketplace where buyers and sellers can trade digital assets.
In terms of the metaverse, the financial corporation intends to introduce mutual fund investment, retirement fund investment, investment management, financial planning, and other financial-related services to the virtual world.
The trademark filings also describe ambitions to provide a digital currency wallet and electronic virtual currency transfers.
Michael Kondoudis, a trademark attorney who specializes in Web3-related trademark filings, shared the news via Twitter.
These trademarks indicate that Fidelity intends to continue its Web3 adventure, which began with its first step into the metaverse, a virtual place in Decentraland dubbed The Fidelity Stack, to educate people about personal finance.
This is not the first time a financial services provider has filed trademarks to join the NFT and metaverse spaces. A number of companies, including Mastercard, Capital One, and HSBC, have already filed trademarks to secure their Web3 initiatives.
Despite the filing of trademarks, other financial institutions have already launched their initiatives; SEBA Bank began offering NFT custody for Ethereum-based, blue-chip NFTs, while Sygnum forged a new path into the metaverse with the goal of educating the community about innovative products and the future of finance.