The United States Patent and Trademark Office Registers TD Logo for Crypto Purposes
Recently, the United States Patent and Trademark Office (USPTO) officially registered the TD Logo for crypto purposes. Mike Kondoudis, a licensed trademark attorney, shared this news on Twitter. The registration includes various banking services and payment processing using cryptocurrency units, indicating TD Bank’s increasing involvement in the industry.
Key Points:
- The TD Logo has been officially registered for crypto purposes by the USPTO.
- TD Bank is one of the top 10 North American banks.
- New registrations include payment gateway services and payment processing using cryptocurrency units.
- The attorney also shared trademark applications for Shelby and basketball player Donovan Clingan.
- The rate of new US crypto trademarks has decreased in 2023 compared to previous years.
TD Bank’s Involvement in the Crypto Space
In addition to the trademark registration, TD Bank is actively exploring the crypto space. It has joined other major financial institutions in a 12-week proof of concept for a shared ledger system aimed at facilitating instant cross-border transactions in USD. The initiative, known as the Regulated Liability Network (RLN), involves central banks, commercial banks, and electronic money on the same chain. TD Bank’s participation highlights the growing interest and potential of digital currencies in the future.
Hot Take: The registration of the TD Logo for crypto purposes by the USPTO showcases TD Bank’s commitment to embracing digital currencies. This move, along with the bank’s participation in the RLN initiative, demonstrates their proactive approach towards innovation in the financial industry.