Japanese tech giant Fujitsu files a trademark application for several Crypto services

Japanese tech giant Fujitsu files a trademark application for several Crypto services

Fujitsu, Japan’s technological behemoth, has taken a major step by filing an application for an extensive range of banking, finance, and cryptocurrency-related services. They have submitted a trademark application to the United States Patent and Trademark Office for multiple crypto services. The application explicitly lists “financial asset management,” “financial asset exchange,” and “financial broker services for cryptocurrency trading.”

Fujitsu Limited is a Japanese multinational information and communications technology equipment and services corporation. It is the largest of its kind in Japan and the sixth largest across the globe. It was established in 1935 and headquartered in Tokyo.

The Japanese technology business has been working on a variety of blockchain initiatives, ranging from supplying the underlying technology for inter-bank settlement to offering a “ready to go” blockchain solution that it claims can produce a minimum viable product in only five days.

On March 21, Finbold was informed by trademark attorney Michael Kondoudis, who specialises in the non-fungible token (NFT) and metaverse licencing about the trademark. The technology firm applied for a trademark last Thursday, March 16. That encompasses a variety of financial services, including money exchange, securities trading, insurance brokerage, tax planning, and cryptocurrency trading. 

Kondoudis tweeted Tuesday:

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.

Fujitsu may be looking to extend its presence in the banking, finance, and cryptocurrency industries. Given Fujitsu’s position as a premier technology firm, the decision is noteworthy, as it highlights the growing relevance of digital banking and cryptocurrencies in the context of technological innovation.

Fujitsu announced the debut of the “Fujitsu Web3 Acceleration Platform” on February 6 2023. according to the firm, the platform provides an environment supporting the development of crypto as well as various service APIs based on blockchain and high-performance computing technologies.

The official filing of this trademark application is anticipated to spark significant attention and conjecture in the technology sector as industry insiders and analysts attempt to decipher Fujitsu’s intentions and potential strategies. Fujitsu’s entry into the field of digital banking and cryptocurrencies, as a significant player in the IT sector, has the potential to shake up the existing companies and reorganise the financial services industry landscape.