American banking giant JPMorgan (NYSE: JPM) continues to advance in the cryptocurrency sector, with the lender showing its intent to explore different products through trademark filings.
In this line, the institution has registered a trademark with the United States Patent and Trademark Office (USPTO), seeking to offer a crypto wallet for digital currency exchange and transfer. The trademark was granted by USPTO on November 15.
The development was confirmed by non-fungible tokens (NFTs) and metaverse licensed trademark attorney Michael Kondoudis in a tweet on November 21.
JPMorgan crypto wallet trademark. Source: USPTO
According to Kondoudis, the wallet trademark for assets like Bitcoin (BTC) also covers crypto payment processing, virtual checking accounts, and other financial services, including the management of counterparty funds for electronic transfer.
JPMorgan blockchain inroads
It is worth noting that the bank has, in the past, continued to explore blockchain technolo
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