Banking large HSBC has filed trademark functions with america Patent and Trademark Workplace (USPTO) for a variety of digital foreign money services and products, together with these associated to the metaverse and non-fungible tokens (NFTs).
HSBC’s Trademark Purposes for Crypto-Associated Merchandise and Companies
HSBC has filed two crypto-related trademark functions for its identify and emblem with america Patent and Trademark Workplace (USPTO). Mike Kondoudis, a USPTO-licensed trademark legal professional, famous in a tweet Friday that HSBC’s trademark functions point out the financial institution’s plans for various digital services and products, together with these associated to the change and switch of digital currencies.
HSBC’s crypto-related trademark functions had been filed on Dec. 15; their serial numbers are 97718803 and 97718583. The financial institution described a variety of services and products in its functions, together with sending, receiving, changing, and storing digital currencies.
The trademark functions additionally element a number of metaverse-related services and products, reminiscent of “facilitating safe fee transactions by digital means within the metaverse,” “offering banking providers within the metaverse,” and “offering processing of digital bank card, digital debit card, digital pay as you go card, and digital fee card transactions within the metaverse.” HSBC additionally included various NFT providers, reminiscent of “downloadable digital recordsdata authenticated by non-fungible tokens (NFTs).”
HSBC joined the metaverse by partnering with blockchain digital gaming platform The Sandbox in March. Nevertheless, HSBC Group’s CEO, Noel Quinn, mentioned in September that crypto will not be within the financial institution’s future.
An rising variety of main companies and monetary providers establishments have filed trademark functions masking a variety of digital foreign money and metaverse services and products. For instance, Visa, Paypal, and Western Union filed crypto-related trademark functions in October. Final month, JPMorgan Chase was granted a pockets trademark masking numerous digital foreign money and fee providers.
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