Global AUM Giant Fidelity Sets Foot in Digital Asset Industry

Fidelity Investments is one of the top entities in the world which single-handedly manages conventional assets worth more than $10 Trillion.

It has been part of the corporate industry for several decades and is considered a financial giant throughout the world.

Aimed with the objective of exploring a dynamic industry, Fidelity Investments has decided to step into an industry comprising digital assets.


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Fidelity’s Entry into Digital Asset Industry

For stepping into the digital asset industry, Fidelity Investments has moved three trademark applications before the Patent and Trademark Office of the US.

Filing reveals that Fidelity is interested in engaging with digital products such as crypto, Metaverse, and Non-Fungible Tokens (NFTs).

Currently, Fidelity has been managing assets worth more than $9.6 Trillion as of 30th November 2022. The investment company has over 40 million investors on board.

A trademark attorney, Mike Kondoudis, told that Fidelity is very keen on products pertaining to Metaverse. He also said that the Office of Patent and Trademark has received 3 separate applications from Fidelity.

He described that the applications showed Fidelity’s interest in NFTs, Metaverse products, and investment and NFT markets, including crypto trading, etc.

It was later also confirmed by the Trademark Office that it received three applications of trademark registrations on 21st December 2022 from Fidelity.

Fidelity Interested In a Wide Range of Blockchain-based Digital Products

The contents of Fidelity’s application show that the company is interested in engaging with a variety of digital assets. For instance, the contents show that Fidelity wants to engage in securing virtual landscapes in Metaverse.

Similarly, contents further suggest that Fidelity wishes to render services such as money and investment management, financial, security brokerage, advisory, etc.

Fidelity may be engaging with a number of digital assets for the very first time but it is already familiar with Metaverse and its projects.


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For instance, Fidelity launched a virtual learning center namely “Fidelity Stack” in a virtual space called “Decentraland” in April 2022.

Metaverse – Not an Alien Concept for Fidelity

Similarly, Fidelity also has the privilege of launching a distinct exchange-traded fund (ETF) which is purely Metaverse-based. All digital asset services are offered by Fidelity through a specialized vehicle called “Fidelity Digital Assets”.

However, such crypto trading services are limited to only institutional clients of Fidelity and are not available to everyone.

Thereafter, in November, the company also initiated retail trading of the top two cryptocurrencies against zero commission.

Fondness with Bitcoin

Like millions of others, Fidelity also is fond of Bitcoin and has supported the coin in good and worst times.

Fidelity also published a report on Bitcoin in 2022. In this report, Fidelity remarked that Bitcoin’s birth wasn’t as groundbreaking as its transformation into becoming ‘real money’.

On several occasions, Fidelity also reiterated that Bitcoin is something that is distinctively unique and unparalleled. It has brought good into the monetary system, and also claimed Fidelity multiple times.


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Corporate Giants Entering Digital Asset Sector

Fidelity’s interest in the digital asset sector isn’t surprising because many well-reputed corporate giants who also wish to be part of it. For instance, similar applications have been filed by a global financial institution called HSBC.

Similarly, other corporate giants such as Visa, Western Union, PayPal, etc. have moved applications before the authority on the subject.

Even JPMorgan Chase has obtained a digital wallet for rendering various digital asset services, including crypto.

The digital asset sector has become a huge traction for the entire corporate sector. All major financial and mainstream industries are eager to become part of the industry.

Above all, they want to become part of the metaverse because they know very well what the future of technology has to offer.

The world now knows the potential of the metaverse and therefore, they want to benefit from it as much as possible.

They are making huge investments and are undergoing strategic partnerships to explore the industry.


Chip Timing Global is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.


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