Is Insurance Giant Prudential Planning A Crypto Push?

Prudential Insurance coverage is probably going planning to enter the crypto market, in accordance with latest trademark submitting information.

The insurer filed 10 trademark purposes associated to NFTs, cryptocurrencies, and blockchain know-how with the U.S. Patent and Trademark Workplace (USPTO).

The insurance coverage big has filed trademark purposes for Prudential, its iconic “The Rock,” asset administration subsidiary PGIM, its ticker “PRU,” and its Rock emblem.

Prudential Recordsdata For NFTs, Crypto and Blockchain Associated Emblems

Mike Kondoudis, licensed trademark legal professional on the USPTO, introduced in a tweet on June 7 that Prudential Insurance coverage has filed 10 trademark purposes for offering monetary companies associated to NFTs, cryptocurrencies, and blockchain know-how. Additionally, the corporate will supply monetary details about decentralized finance, NFTs, and cryptocurrencies.

Furthermore, Prudential Insurance coverage will present digital insurance coverage and monetary companies for the metaverse and digital environments. The metaverse hype has led many corporations, well-known personalities, and traders to enter the metaverse.

Prudential has been exploring blockchain know-how for fairly a while now. Nonetheless, the trademark purposes associated to NFTs, cryptocurrencies, and metaverse exhibits the curiosity of the corporate in modern applied sciences. The corporate has modified its stance on digital belongings attributable to growing crypto adoption.

Actually, a latest article by Brad Hearn, president of retail recommendation and options at Prudential, talks about utilizing the crypto craze as a manner to enhance higher monetary literacy. It reads:

“Cryptocurrencies, the decentralized monetary belongings constructed on the block chain, are producing pleasure and exercise with new traders, from Child Boomers to Gen Z. It’s additionally helped shine a much-needed highlight on finance for most people.”

Crypto Adoption Rising Amongst Insurance coverage Suppliers

There have been latest experiences indicating insurance coverage corporations seeking to spend money on cryptocurrencies and embrace digital belongings. A latest report by funding banking big Goldman Sachs exhibits insurance coverage corporations are slowly embracing crypto investing instantly or by means of crypto merchandise. Additionally, the U.S.- primarily based insurance coverage corporations are extra involved in cryptocurrencies.

Varinder is a Technical Author and Editor, Know-how Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his data about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is presently masking all the most recent updates and developments within the crypto trade.

The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.