HSBC, a worldwide universal bank and financial services holding corporation based in the United Kingdom, has filed trademark applications for its name and logo, revealing aspirations to embrace non-fungible tokens (NFTs) and enter the metaverse.
According to trademark applications filed with the USPTO on December 15, the company intends to offer:
- Virtual goods, namely, bank cards, cash cards, cheque cards, debit cards, and more for use online and in online virtual worlds.
- Processing of virtual credit cards, virtual debit cards, virtual prepaid cards, and virtual payment card transactions in the metaverse;
- Providing financial information in the metaverse;
- Events and performances in the metaverse in the fields of finance, cryptocurrency, and NFTs.
Michael Kondoudis, a trademark attorney who specializes in Web3-related applications, tweeted the news earlier today.
HSBC is not the first bank or financial institution to take moves toward NFTs and metaverse.
SEBA Bank began offering NFT custody for Ethereum-based, blue-chip NFTs in October.
DBS Bank and The Sandbox collaborated in September to develop a metaverse experience aimed at showing the importance of developing a better, more sustainable world. During the same month, Sygnum launched its metaverse virtual space with the goal of educating the community about new products and the future of finance.