Social media giant Facebook acquired the rights to the “Libra” trademark for its secretive cryptocurrency project, crypto news website The Block reported on May 3.
Moreover, documents released by the United States Patent and Trademark Office and filed in June 2018 reveal that the company has evidently acquired the rights to the “Libra” trademark.
More precisely, while the owner of the filing is a limited liability company that goes by the name JLV, the LLC’s address indicated is the same as the address for Facebook’s official communications.
Per the report, the trademark was previously held by a crypto tax company that recently changed its name to Lukka.
An analysis released by Cointelegraph last month looks into the broader trend of large internet companies joining the crypto industry, examining Facebook, Twitter and Telegram’s actions.