HSBC Files Several Trademarks For Digital Currency and Metaverse Products

Banking giant HSBC has filed 2 digital asset-related trademark applications for its name and logo with the U.S. Patent and Trademark Office (USPTO). A USPTO-licensed trademark attorney, Mike Kondoudis noted in a recent tweet that HSBC’s trademark applications indicate the bank’s propositions for a number of digital products and services, including those related to the exchange and transfer of digital assets.

The trademark applications also mention a number of metaverse-related products and services. These include “facilitating secure payment transactions by electronic means in the metaverse,” “providing banking services in the metaverse,” and “providing processing of virtual credit card, virtual debit card, virtual prepaid card, and virtual payment card transactions in the metaverse.”

The bank also included a number of non-fungible token services, like “downloadable digital files authenticated by NFTs.”

Notably, an increasing number of key corporations and financial services institutions have filed trademark applications covering a wide range of digital currency and metaverse products and services. For instance, Paypal, Visa, and Western Union filed digital asset-related trademark applications in the month of October.

Last month, JPMorgan Chase was granted a wallet trademark covering different digital currency and payment services.