Huobi Group, the world’s leading blockchain company, today announced that its philanthropic arm Huobi Charity Limited (“Huobi Charity”) regulated by the Charity Commissioners of Gibraltar (registration no. 324) is committing $1 million in bitcoin (BTC) and fiat currency to UNICEF to help foster global blockchain development and innovations with the potential to impact children and young people globally.
Funds will be distributed to the UNICEF CryptoFund, a new financial vehicle allowing UNICEF to receive, hold, and disburse cryptocurrency, and UNICEF’s Innovation Fund, a pooled fund specifically designed to finance early stage, open-source technology that can benefit children. The Innovation Fund has received contributions of $34.9M USD, 2267 ETH and 8 BTC. The donation marks the first extensive institutional BTC donation accepted by UNICEF.