The Giving Block Announces Treasury Support Services, Giving Nonprofits The Opportunity to Hold and Invest in Cryptocurrency
This service is available for both existing clients as well as nonprofits who are not currently on The Giving Block’s platform
Miami, FL – July 12, 2022 – The Giving Block, the leading Crypto Philanthropy platform connecting nonprofits with crypto donors, today announced Treasury Support Services for nonprofits looking to custody or invest in cryptocurrency. The service will be facilitated through Gemini, a security-first platform that allows customers to buy, sell, store, and earn on cryptocurrencies.
Cryptocurrency donations made to nonprofits through The Giving Block were traditionally converted to U.S. dollars immediately. The Treasury Support Service now gives nonprofits the opportunity to maintain a position in the cryptocurrency that was donated and invest in additional cryptocurrency, which means that some or all of the cryptocurrency donated can be stored in a secure custody wallet for sale at a later date. Additionally, nonprofits can now choose to earn up to 5% APY* on USD denominated holdings. (*Yield % is not guaranteed and is subject to adjustment based on market forces.)
This initiative is facilitated and supported by The Giving Block Institutional, a consultative service led by a team of experts with extensive industry experience spanning cryptocurrency, philanthropy and traditional capital markets. With over 60 years of combined experience, The Giving Block Institutional team eliminates the need for nonprofits to hire internal financial and operations experts in order to invest in and earn against their cryptocurrency.
“Offering Treasury Support Services is a paradigm shift for our platform clients because we take the headache and overhead out of leveraging an entirely new fundraising stream. We enable our clients to focus on their core mission,” states Duke Kim, Director of Institutional Client Solutions.
This announcement follows the recent news that The Giving Block has partnered with Ren, North America’s leading independent philanthropic solutions provider, to offer the country’s first-ever Donor-Advised Fund that allows donors to invest a portion of the fund’s investable assets in cryptocurrency. Both initiatives are facilitated and supported by The Giving Block Institutional.
Treasury Support Services are currently available to all nonprofits, even those that are not currently accepting cryptocurrency through The Giving Block’s platform. For more information about The Giving Block’s Treasury Support Services, please contact [email protected].
About The Giving Block
Founded in 2018, The Giving Block, a Shift4 company, is turning Crypto Philanthropy into one of the greatest forces for good on the planet by making cryptocurrency fundraising easy for nonprofits while empowering donors to give Bitcoin and other cryptocurrencies to their favorite causes. The Giving Block currently enables more than 1,000 mission-driven organizations, charities, universities, and faith-based organizations of all sizes to accept cryptocurrency donations and helps them maximize their fundraising outcomes with strategic consulting and personal support. Learn more and discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at www.TheGivingBlock.com.
**The Giving Block is not a bank, financial advisor or broker, and cannot give investment advice. Consult a qualified, licensed advisor before engaging in any transaction. You are ultimately responsible for all decisions regarding investment assets and amounts.
Investing in cryptocurrency, including stablecoins, is inherently risky. You are responsible for all applicable risks (including volatility, regulatory, security, and macroeconomic risks) involved in opting in to the Treasury Support Services. While The Giving Block and Gemini implement rigorous security and risk management measures, we cannot guarantee that your investments are entirely safe from all risks. This is not a bank account, and your funds are not insured by The Giving Block, by Gemini, or any government insurance program such as the FDIC or SIPC.
