Fidelity plans to release NFT marketplace and offer financial services in the metaverse

In the metaverse, Fidelity wants to provide payment services such as electronic bill payments, digital real estate investing, fund transfers, investment advice, financial planning, and credit card account management. The filings also target investment services for mutual funds and retirement fund investment services in the virtual space.

In addition, Fidelity aims to educate the audience about financial investments through metaverse-based classes, workshops, seminars, and conferences. The finance company has already released its immersive educational metaverse experience in Decentraland, titled “The Fidelity Stack.”

Last month, Fidelity announced an early-access waitlist for its new crypto service, Fidelity Crypto, which allows retail investors to trade Bitcoin and Ethereum from their phones with zero fees. Some reports from October suggest that Fidelity was aiming to increase its crypto operations by hiring 100 new team members, in contrast to the numerous crypto firms that have laid off a lot of staff this year.

Recently, British multinational bank HSBC filed trademark applications for NFT, metaverse, and cryptocurrency-related services, including metaverse financial advisory.