IT Giant Fujitsu Submits Crypto-Related Trademark Application

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Japanese technology heavyweight Fujitsu is attempting to make its foray into the cryptocurrency industry and has indicated an interest in digital assets trading services.

The global IT brand is considering financial services like accepting deposits, financing loans, and financial management as well as the exchange of crypto-based assets. The intended Fujitsu brokerage services will also include non-crypto financial facilities. 

In effect, the United States Patent and Trademark Office (USPTO) recently received a document containing Fujitsu’s trademark application. According to the filed document, the trademark would consist of the “stylized word FUJITSU with a sideways s-shaped swirl over the J and I.” 

Mike Kondoudis, a USPTO-licensed trademark attorney, took to his Twitter account to confirm the Fujitsu trademark application. “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.”

Specifically, the trademark application encompasses “financial management of crypto assets; financial exchange of crypto assets; financial brokerage services for cryptocurrency trading,” and “trading of securities; trading of securities index futures; trading of securities options; trading of overseas market securities futures; agencies for a brokerage for the trading of securities, securities index futures, securities options” amongst others.

Fujitsu Launch Web3.0 Acceleration Program

As a core actor in the technology industry, this move by Fujitsu into the banking, financial and crypto sector may spark mixed reactions amongst established crypto juggernauts. Gradually, Fujitsu’s interest in the blockchain industry is growing steadily.

The trademark application comes less than two months after the technology giant created a Web3.0 acceleration program that provides blockchain-based services APIs, high-computing technologies, simulations, and Artificial Intelligence(AI).

The Fujitsu Web3.0 acceleration program was designed to assist developers and startups. Markedly, the application is reaching the USPTO at a time when Japanese regulators are seeking strategies to implement cryptocurrency regulations. Already, global policymakers have been contacted to introduce strict rules for crypto assets as they have done for traditional financial assets.

Similarly, automobile company Nissan submitted four Web 3.0-related trademark applications in the United States two weeks ago. Most trademark applications were for Non-fungible tokens (NFT) and metaverse-linked products. Last year, entities like Visa, PayPal, Western Union, and Mercedes-Benz also filed identical trademark applications. 

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