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The Giving Block Launches Premium Cryptocurrency Services for Institutional Philanthropy

After months of behind-the-scenes work, we are excited to announce today the launch of The Giving Block Institutional, a premium service tailored to meet the unique cryptocurrency donation needs of institutional clients. This new suite of fully-customizable solutions will empower these clients to deliver best-in-class cryptocurrency donation experiences.

The idea for The Giving Block Institutional came out of a series of conversations with institutional organizations. As more of them shared their interest in accepting cryptocurrency charitable contributions, we took note and got to work, trying to find solutions to their most pressing challenges.

Meet The Giving Block Institutional Team

Once we had our core vision in mind, we assembled a dedicated team to focus on developing specialized products and services for Donor-Advised Funds (DAFs), Foundations, and other complex charitable organizations.

We chose Mike McLean to be the Head of The Giving Block Institutional. Prior to joining The Giving Block, McLean spent seven years at Fidelity Charitable as Director of Investment Operations and Program Management where he managed oversight of private asset contributions, cryptocurrency, alternative investments and trading operations. In 2015, McLean partnered with Fidelity’s Center for Applied Technology to build and launch the first cryptocurrency offering for donor advised funds, which he continued to oversee through 2021.

Leading the Institutional Client Solutions branch of The Giving Block Institutional is Duke Kim. Duke’s extensive background in traditional markets and the cryptocurrency ecosystem position him to effectively handle clients’ needs. Before joining The Giving Block, Duke was Wall Street trader, financial services consultant, and Bloomberg territory manager, paired with his years in the cryptocurrency ecosystem professionally running sales and business development efforts for Lukka, Celsius Network, and a crypto trading desk catering to high net worth investors.

Cryptocurrency and Institutional Philanthropy

Crypto Philanthropy has so far been challenging for institutions, as they face increased regulations on accepting and reporting charitable contributions, and while many of them work with numerous advisors to manage different aspects of their charitable work, a limited number have the ability to navigate cryptocurrency-related matters effectively.

To help institutional clients with these challenges, The Giving Block Institutional’s services will include:

  • Custom solutions for large or special handling transactions
  • API integration with existing contribution workflows
  • Consultations to help client-facing advisors with crypto conversations and planning sessions

The Giving Block Institutional enables the secure and compliant acceptance of cryptocurrencies as donations with the option to immediately convert crypto to U.S. dollars, saving organizations time and money. Our institutional-grade infrastructure reduces risk and provides constant monitoring of transactions by an experienced team, backed by white-glove customer support.

Whether an institution seeks to make contributions to its favorite nonprofit organization or accept donations, The Giving Block Institutional will provide expertise and solutions.

Find out more about The Giving Block Institutional’s solutions and offerings:

About The Giving Block

The Giving Block makes Bitcoin and other cryptocurrency fundraising easy for nonprofits. Empowering mission-driven organizations, charities, universities, and faith-based organizations of all sizes to leverage crypto technology to achieve their mission. Discover why cryptocurrency is the fastest growing donation method for Millennial and Gen-Z donors, at TheGivingBlock.com.