•Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible tokens (NFT), and metaverse products and services.
• Fidelity’s Crypto and Metaverse Trademark Applications: The applications specifically detail a vast number of products and services “in the metaverse and other virtual worlds,” including mutual fund investment services, retirement fund investment services, investment management services, financial planning securities brokerage service money management financial analysis and investment management.
• In November Fidelity Investments began offering commission-free retail bitcoin and ether trading. However, its subsidiary Fidelity Digital Assets has been offering bitcoin service to institutional investors for several years and recently began offering ether trading.
Fidelity Investments, a major contender in the financial services industry with an impressive $10 trillion in assets under administration, is taking a big step into the digital age. They have recently filed multiple trademark applications for cryptocurrency, non-fungible tokens (NFT), and metaverse products and services which indicate an intent to enter these burgeoning markets. While there may be an uphill battle to gain significant market share from existing players, Fidelity’s commitment to digital assets looks set to pay off in the long run if current trends hold.
In the last two months, Fidelity Investments has filed two separate trademark applications with the United States Patent and Trademark Office. The filings cover a wide range of products and services related to cryptocurrencies and the metaverse, including wallets, trading platforms, educational programs, investment advice, and research services. For investors looking to get into cryptocurrency or the metaverse, this is an exciting development as it suggests that there could soon be an easier way to access these emerging markets. Let’s take a look at what Fidelity’s recent trademark applications mean for investors.
Products & Services Included in the Application
The trademark applications cover a wide range of products and services related to cryptocurrencies and the metaverse. These include wallets, trading platforms, educational programs, investment advice, research services, financial analysis tools, and more. This suggests that Fidelity is looking to provide comprehensive solutions for its customers who are interested in getting into cryptocurrency or the metaverse.
How These Products & Services Impact Investors
The most significant impact of these products and services is that they will make it easier for investors to access cryptocurrency markets without having to go through a third-party platform like Coinbase or Binance. This could potentially lead to lower fees due to reduced transaction costs as well as more efficient execution times due to better liquidity. Additionally, by having access to Fidelity’s professional guidance and resources, investors will be able to make more informed decisions when investing in cryptocurrencies or the metaverse.
Benefits of Investing with Fidelity in Cryptocurrency & Metaverse Products/Services
Fidelity offers several advantages for investors wanting to access cryptocurrency or metaverse markets that other providers may not offer. First off, their fees are generally lower than those charged by other providers because they have their own banking license which allows them to bypass third-party payment processors. Additionally, their platform offers easy access to expert advice and resources such as market analysis tools which can help investors make more informed decisions about their investments. Finally, their platform offers quality security features such as multi-factor authentication which can help protect users’ funds from being hacked or stolen.
It’s clear that Fidelity’s recent trademark applications demonstrate its commitment to offering comprehensive solutions for its customers who are interested in getting into cryptocurrency or the metaverse marketplaces. With lower fees than other providers thanks to their own banking license as well as easy access to expert advice and resources through their platform, investing with Fidelity may prove beneficial for many investors looking for ways into these emerging markets.
As we wait for further developments regarding these new products and services from Fidelity Investments we can only speculate on how much of an impact they will have on the crypto landscape but one thing for certain is that it will certainly be worth keeping an eye on!