Fidelity Investments Plans To Metaverse Investment Services

The investment firm, Fidelity Investments, has arranged for three trademark applications that take care of a host of Web 3.0 products and services, such as an NFT marketplace and a metaverse platform for financial investments and crypto trading. 

Fidelity Investment Files For Trademark Applications, Source: Twitter

What You Need To Know About Fidelity Investments

Financial services provider, Fidelity Investments, provides a selection of investment goods and services, such as trading and advisory services, collective investment schemes, retirement accounts, and life insurance. With over $7 trillion in funds under management, it is one of the biggest investment corporations on the planet. With its corporate headquarters in Boston, Massachusetts, Fidelity was established in 1946. To assist its clients in making educated financial decisions, the company offers a variety of research and instructional materials in addition to its investment products.

Fidelity To Debut Its Metaverse Investment Services

On December 21, the trademark filings were made to the United States Patent and Trademark Office (USPTO) as  97727409, 97727473, and 97727439. Fidelity’s plans for the metaverse were shared by a certified trademark attorney in a tweet earlier this week.

The investment giant seems to be heavily invested in solidifying its stance in the metaverse. Fidelity Investments intends to offer a diverse range of investment products and services in the virtual world, including investment management, mutual funds, retirement savings, and financial planning. There are also plans in the works to launch a virtual marketplace for digital assets, especially non-fungible tokens (NFTs).

The company also intends to extend its services to include payment services, such as electronic fund transfers, payment of bills, and financial management of credit card accounts in the metaverse and other virtual worlds.

Regarding cryptocurrencies, the trademark filings point towards the launch of certain digital money wallet services, as well as metaverse trading and administration services. The investment firm would also carry out conferences, workshops, and classes concerning investments and marketing financial services.

As stated by a filing:

“Electronic wallet services in the nature of electronic storage and processing of virtual currency for electronic payments and transactions via a global computer network; digital currency, virtual currency, cryptocurrency digital token.” “Providing business information to financial service providers by means of an internet web site, in the field of business marketing in the metaverse and other virtual worlds; referral services in the field of investment advice and financial planning in the metaverse and other virtual worlds.”

Fidelity’s Strong Stance In The Metaverse

Fidelity Investments has stood strong in developing its awareness and services in the Web 3.0 space, despite certain events that have happened in the past year. According to a representative of Fidelity, the organization has always prioritized operational excellence and customer protection, and these recent events in the crypto space have helped in underscoring the significance of standards and safeguards.

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