Fidelity plans to offer a wide range of investing services within virtual worlds. Credit: Mohamed Hassan from Pixabay.

US-based financial services firm Fidelity has submitted trademark applications for an array of Web3 products and services in a bid to expand its cryptocurrency capabilities. 

Fidelity filed three applications that cover Metaverse technologies, a nonfungible token (NFT) marketplace, and cryptocurrency trading, according to trademark filings, which were highlighted by licenced trademark attorney Mike Kondoudis in a tweet.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Fidelity has indicated that it could offer a wide range of investing services within virtual worlds, including mutual funds, retirement funds, investment management, and financial planning.

In addition, the investment firm is also planning metaverse-based payment services including electronic bill payments, fund transfers and the “financial administration of credit card accounts in the metaverse and other virtual worlds.”

Furthermore, the company intends to launch trading, management, and wallet services for virtual currencies in the metaverse.

“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,” Cointelegraph quoted the firm as saying in the filing. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Fidelity could also provide educational services in the metaverse by holding conferences, workshops, seminars, and classes on marketing financial services and investing.

In October this year, it was reported that the investment firm will bolster its crypto unit by hiring 100 new staff members.