• There are numerous Web3 goods and services for which Fidelity has submitted trademark applications.
• There may possibly be plans for payment services based on the metaverse.
• The business also plans to offer services for virtual currency wallets.

One of the biggest financial organisations in the world, Fidelity Investments, has just submitted three US trademark applications to offer cryptocurrency trading services in the metaverse, including a nonfungible tokens (NFT) market and financial investing. A registered trademark lawyer named Michael Kondoudis shared the same information in a tweet on Monday.

 According to Fidelity, a variety of investing services, such as mutual funds (MFs), retirement funds, investment management, and financial planning, may be made available in virtual worlds. Additionally, ideas for payment services based in the metaverse, such as electronic bill payments, fund transfers, and 'financial administration of credit card accounts in the metaverse and other virtual worlds,' may be in the works.

Additionally, according to the documents, Fidelity may offer services for virtual currency wallets. One of the filings actually stated, 'Electronic wallet services in the type of electronic storage and processing of virtual currency for electronic payments and transactions across a global computer network; digital currency, virtual currency, cryptocurrency digital token.' 

Additionally, it might provide educational services in the metaverse by holding conferences, workshops, seminars, and lessons on topics like investments. The investment firm is one of the most active financial institutions when it comes to engaging with cryptocurrencies and seeking for methods to give access for its clients, despite the prolonged crypto winter. Fidelity Digital Assets started enabling institutional clients to trade ether in October of this year (ETH).

 Additionally, the company said last month that it would include traditional stock investments with commission-free trading of Bitcoin (BTC) and Ether on its mobile app. In addition, the financial giant reportedly added 100 new personnel to its cryptocurrency division, as opposed to other crypto firms that have cut a large portion of their workforce.