UnionBank is the First Philippine Bank to Trademark the Metaverse

MOSVELDTT Law successfully trademarked with the Philippine Intellectual Property Office the UnionBank of the Philippines’ “UB METAVERSE” brand for digital banking and financial services. These registrations make UnionBank the first bank to successfully stake its intellectual property rights in the metaverse that cover financial digital transactions, digital and virtual currencies, digital tokens, applications for cryptocurrency, and blockchain technologies, among others.

The global metaverse promises new opportunities for banking in the Philippines. UnionBank is one of the 6 banks granted a digital banking license by the Bangko Sentral ng Pilipinas. By providing digital banking and financial services, UnionBank has led the way in virtual commerce. With this new development, it continues such tradition of leadership in virtual commerce, joining other multinational companies such as Nike, Louis Vuitton, Prada, and Chanel.

The Firm is grateful for its role in this recent advancement and looks forward to further assisting the Philippines’ leading digital bank in its foray into the metaverse.