$4.2 trillion asset administration agency Constancy Investments has filed trademark functions in america for a number of Web3 services and products, together with a non-fungible token (NFT) market and monetary funding and crypto buying and selling companies within the metaverse.
That is in line with three trademark filings submitted to america Patent Trademark Workplace (USPTO) on Dec. 21, of which was additionally highlighted by licensed trademark lawyer Mike Kondoudis in a Dec. 27 tweet.
#Fidelity has plans for the metaverse!
The corporate has filed 3 trademark functions overlaying
▶️ NFTs + NFT Marketplaces
▶️ Metaverse Funding Companies
▶️ Digital Actual Property Investing
▶️ Cryptocurrency Buying and selling
… and extra!#NFTs #Metaverse #Crypto #Web3 #Defi #Finance pic.twitter.com/op9fg80e7z— Mike Kondoudis (@KondoudisLaw) December 26, 2022
One of many key areas of the agency’s focus seems to be the Metaverse, with Constancy indicating that it might supply a variety of funding companies inside digital worlds together with mutual funds, retirement funds, funding administration and monetary planning to call a couple of.
It additionally seems that metaverse-based fee companies might be within the works, together with digital invoice funds, fund transfers and the “monetary administration of bank card accounts within the metaverse and different digital worlds.”
By way of crypto, the filings point out that the agency might additionally launch buying and selling and administration companies within the Metaverse, together with offering digital forex pockets companies.
“Digital pockets companies within the nature of digital storage and processing of digital forex for digital funds and transactions through a worldwide pc community; digital forex, digital forex, cryptocurrency digital token,” the submitting reads.
Moreover, Constancy outlines that it might supply instructional companies within the Metaverse within the type of “conducting courses, workshops, seminars and conferences within the discipline of investments and within the discipline of promoting monetary companies.”
“Offering enterprise info to monetary service suppliers by the use of an web website, within the discipline of enterprise advertising and marketing within the metaverse and different digital worlds; referral companies within the discipline of funding recommendation and monetary planning within the metaverse and different digital worlds” one submitting reads.
NFTs are additionally on Constancy’s plans, stating that it might additionally launch an “on-line market for patrons and sellers of digital media, particularly, non-fungible tokens,” nevertheless additional particulars on such are sparse.
Associated: Present infrastructure cannot assist the metaverse, says Huawei report
The most recent filings from Constancy present that the agency has not been spooked by the extreme bear market in 2022 and up to date FTX implosion, and is as a substitute trying to improve its publicity and choices in Web3.
The agency primarily outlined as such and referred to as for stronger regulation when responding to a Nov. 21 letter from crypto hating senators Elizabeth Warren, Tina Smith and Richard Durbin, which had referred to as on Constancy to rethink its Bitcoin (BTC) retirement merchandise as a result of “unstable, tumultuous and chaotic” nature of crypto belongings.
A Constancy spokesperson informed Cointelegraph on the time that the corporate “has at all times prioritized operational excellence and buyer safety” and famous that “latest occasions” within the crypto trade have solely “underscored the significance of requirements and safeguards.”
Additionally it is value noting that again in October, Constancy was reportedly trying to beefing up its crypto unit by hiring 100 new employees members, offering a stark distinction to a lot of crypto companies which have laid off a big quantity of staff this yr.