As per a trademark application submitted to the USPTO, Japanese tech giant Fujitsu aims to provide crypto brokerage services to clients.

Japanese Tech Giant Fujitsu is Interested in Crypto Trading Services

  • As per a trademark application submitted to the USPTO, Japanese tech giant Fujitsu aims to provide crypto brokerage services to clients.
  • The firm disclosed its intention to provide brokerage services for crypto exchanges in addition to other crypto and non-crypto finance companies.
  •  “Financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading” are mentioned in the application.
  • The application also seeks to register an entirely novel logo that “consists of the stylized word FUJITSU with a sideways s-shaped swirl over the J and I.”

The rate at which the crypto sector is expanding is unmatched, considering that bears are currently in charge of the sector. Moreover, the adoption rate of these assets is higher in the Asian region, with Japan turning pro-crypto after being against blockchain-based assets and taxing them at high rates. Interestingly, Japanese firms are also looking to get exposure to the crypto market. As per a trademark application submitted to the United States Patent and Trademark Office (USPTO), Japanese multinational firm Fujitsu disclosed its intention to provide brokerage services for crypto exchanges in addition to other crypto and non-crypto finance companies.

In the application that was submitted last week, “financial management of crypto assets,” “financial exchange of crypto assets,” and “financial broker services for cryptocurrency trading” are all specifically mentioned. All these point to the fact that Fujitsu has planned to provide crypto services to its clients. 

Additionally, as per the official forms submitted on March 16, Fujitsu’s trademark application seeks to register an entirely novel logo that “consists of the stylized word FUJITSU with a sideways s-shaped swirl over the J and I.” The Japanese tech giant is taking this move to provide financial services, such as receiving deposits, financing loans, financial management, and trading crypto assets, to its clients. 

It is crucial to note that the United States Department of Commerce houses the United States Patent and Trademark Office (USPTO), the agency responsible for registering trademarks and acting as the country’s national patent office. A trademark lawyer with a USPTO license named Mike Kondoudis noted the event on his social media account on Twitter, adding:  

“Is Fujitsu moving into banking, finance & crypto? The international tech co has filed a trademark application for exchanging money, securities trading, insurance brokerage, tax planning, [and] cryptocurrency trading.”

Furthermore, it was clear that Fujitsu was interested in providing crypto services when the Japanese tech giant launched a Web3 startup accelerator program for its clients and other startups in February. The firm outlined three vital themes for its Web3 platform, including “the realization of a co-creation society through decentralized autonomous organizations (DAOs), rights management and utilization of digital content, and the realization of digital trust.”

Interestingly, there has been an uptick in the number of businesses submitting trademark applications with the USPTO, including Fidelity Investments, HSBC, Nike, Visa, PayPal, Western Union, Formula One, Ford Motor, eBay, energy drink company Monster Energy, and Facebook owner Meta. These applications cover a wide range of crypto products and services, including non-fungible tokens (NFTs) and the metaverse.

Moreover, Japan is one of the countries where the users of bankrupt crypto exchange FTX are capable of withdrawing their money due to the strict laws of the country. The withdrawal began on Feb. 21. On the other hand, Japan has become an interesting market for crypto exchanges, with Binance, the world’s largest crypto exchange, re-entering the region with its acquisition of Sakura Exchange BitCoin (SEBC). 

The leading crypto exchange re-entered the Japanese market after four years “as a Japan Financial Services Agency (JFSA) regulated entity.” On the other hand, rival crypto exchange Coinbase recently ended operations in Japan, as reported by BitcoinWisdom.

Avatar
Parth Dubey Verified

A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.

Latest News