Fujitsu, the tech giant from Japan, recently filed a trademark application with the United States Patent and Trademark Office, where it revealed the intent to start offering brokerage services for the trading of cryptocurrencies.
The trademark application of this giant company was also aimed at registering a new mark which would consist of a stylized variant of the company name with a sideways s-shaped swirl over the J and the I. This was mentioned in the official document that was filed on the 16th of March. The branding has been dedicated to offering financial services- which include accepting deposits, financial management, financing loans, and also the interchange of crypto assets.
Fujitsu Has Showcased An Interest In Web3
The growing interest of Fujitsu in Web3 also became quite evident when it launched a Web3 acceleration platform for partner companies and startups in February. The platform also aims at supporting the creation of a diverse ecosystem of multiple Web3 applications across a full range of use cases- which would include business transactions, digital content rights management, processes, and contracts. At the beginning of this year, most of the financial regulators in Japan had informed the global regulators to start introducing stricter rules of banking for the crypto sector.
Mamoru Yanase, the Deputy director general of the Financial Services Agency’s Strategy Development and Management Bureau, also went on to acknowledge that the problem wasn’t with crypto companies and other tech giants such as Fujitsu. Rather, the scandal was a result of loose governance, lenient internal controls, and a complete absence of supervision and regulation.