In the ever-evolving landscape of cryptocurrency philanthropy, nonprofits seeking to accept digital asset donations must navigate a complex environment of regulatory requirements, security concerns, and compliance considerations. At The Giving Block, we take these factors seriously. That’s why we’ve partnered with Gemini, a regulated and security-first cryptocurrency exchange and custodian, to provide nonprofits with a safe and compliant pathway into the world of crypto donations.
Why Security and Compliance Matter for Nonprofits
For nonprofits, trust is everything. Donors want to ensure that their contributions are safe, organizations must comply with financial regulations, and leadership teams need peace of mind that crypto donations won’t pose operational risks. Unlike traditional financial systems, the crypto space is still developing its regulatory framework, making it crucial for nonprofits to work with partners that prioritize security and compliance.
Through our collaboration with Gemini, we help charities unlock the potential of cryptocurrency donations while ensuring they operate within a robust, secure, and fully compliant environment. Gemini’s approach to security and regulatory oversight aligns perfectly with our mission to make crypto philanthropy accessible and safe for all nonprofits.
Gemini: A Trusted Partner in Crypto Philanthropy
Gemini is a U.S.-based, regulated cryptocurrency exchange and custodian, operating under the strict oversight of the New York Department of Financial Services (NYDFS). With a security-first mindset, Gemini provides best-in-class infrastructure for handling digital assets, ensuring that nonprofit organizations can accept and manage crypto donations without unnecessary risk.
Paget Stanco, Principal of Gemini Institutional, emphasized the importance of aligning on security and compliance when entering the crypto space:
When you’re looking at Gemini and The Giving Block’s relationship, you’ve got the ability for donors to have access to crypto assets and also donate them directly. Our missions are really aligned when it comes to secure and easy access. Gemini serves as a qualified custodian for nonprofit entities, helping organizations not only receive and store donations safely but also liquidate them seamlessly when needed.
This custodial support ensures nonprofits can confidently accept crypto donations while mitigating fraud, theft, or regulatory non-compliance.
How Our Partnership Benefits Nonprofits
By integrating Gemini’s infrastructure, The Giving Block empowers nonprofits with:
- Regulated Custody & Security – Gemini acts as a qualified custodian, offering institutional-grade security to protect nonprofit assets.
- Regulatory Compliance – Operating under NYDFS oversight, Gemini ensures that all transactions meet the highest regulatory standards, giving nonprofits confidence in their crypto fundraising efforts.
- Seamless Liquidation – Nonprofits can quickly convert crypto donations into fiat currency, reducing exposure to volatility while maintaining full control over their financial assets.
- Trusted Reputation – Working with a regulated entity like Gemini provides additional credibility to nonprofits entering the crypto space, reassuring both donors and stakeholders.
Crypto’s Future in Philanthropy: A Secure Path Forward
As cryptocurrency adoption grows, so does the need for secure and compliant solutions for nonprofits. Gemini’s commitment to security, licensing, and compliance makes it an ideal partner for The Giving Block as we continue to drive the adoption of crypto philanthropy.
With over a billion dollars in crypto donations processed, we’ve seen firsthand how transformative this technology can be for charitable organizations. As Paget Stanco highlighted:
There’s an education component when it comes to the asset class, but when it comes to the entity that nonprofits are interfacing with, we check the boxes that make them feel very secure and comfortable.
For nonprofits ready to explore crypto donations, our partnership with Gemini ensures that security and compliance remain top priorities. Together, we’re building a future where philanthropy meets innovation—safely and effectively.
Watch the Full Interview with Paget Stanco 🎙️
For an even deeper dive into how nonprofits can securely and compliantly connect with the crypto community, watch the full podcast episode featuring Paget Stanco from Gemini on This Week in Crypto Philanthropy.
In the episode, Stanco discusses the importance of security, regulatory compliance, and how Gemini’s infrastructure supports nonprofits in safely accepting and managing crypto donations via The Giving Block.
Learn More
Interested in accepting crypto donations with the highest level of security and compliance? Connect with The Giving Block today 🚀 and start leveraging Gemini’s trusted infrastructure for your nonprofit’s crypto fundraising success.
