New York Stock Exchange Considering Launch of NFT Marketplace, According to New Trademark Application

Time Stamp: February 19, 2022 2:45 PM
Source Node: 1180355

The New York Stock Exchange (NYSE) appears to be interested in diving into the world of non-fungible tokens (NFTs).

The largest stock exchange in the world filed a trademark/service mark application with the United States Patent and Trademark Office (USPTO) for the “provision of an online marketplace for buyers, sellers, and traders of downloadable digital goods authenticated by non-fungible tokens.”

The application also indicates the NYSE is interested in developing “downloadable virtual reality, augmented reality, and mixed reality software,” as well as a “financial exchange of virtual currency in the field of digital currency.”

Despite the February 10th trademark filing, a representative from the stock exchange tells Reuters that NYSE doesn’t plan to launch crypto or NFT trading right now.

“[The NYSE] regularly considers new products and their impact on our trademarks and protects our intellectual property rights accordingly.”

The NYSE first dipped its toes in the NFT sector last April when it released NFTs of the first trading slips of six tech companies from the day of their initial public offerings.

“When we decided to mint the NYSE’s first NFTs, it was fitting that we chose to memorialize that particular one-of-a-kind moment… We are starting with these six, but we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community.”

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