Key Takeaways
- • UNICEF launched the UNICEF Cryptocurrency Fund, a prototype allowing the agency to accept bitcoin and ether donations and invest them directly into blockchain startups.
- • The fund launched with a donation of 1 bitcoin and 10,000 ether from the Switzerland-based Ethereum Foundation, according to Forbes-cited reporting.
- • CryptoFund became the first vehicle in the United Nations to hold digital assets, with holdings equivalent to over US$4 million (5.82 BTC and 2,602 ETH) per the source material.
- • The fund is positioned to support open source and blockchain innovation, with UNICEF able to receive, hold and disburse cryptocurrency donations.
Summary
The United Nations Children's Fund (UNICEF) has launched the UNICEF Cryptocurrency Fund, a prototype vehicle that allows the agency to receive, hold and disburse donations in bitcoin and ether, and to invest those donations directly into blockchain startups, according to Forbes coverage of the launch.
The fund was launched with a donation of 1 bitcoin and 10,000 ether from the Switzerland-based Ethereum Foundation. Reporting on the fund put its holdings at the equivalent of over US$4 million, or 5.82 bitcoin and 2,602 ether, making it the first vehicle within the United Nations to use digital assets.
The initiative is framed as supporting innovation and open source development in blockchain technology. Coverage describes UNICEF as now accepting cryptocurrency donations as part of the fund's launch. Source material available for this story is limited, and details beyond the launch announcement, including governance structure and investment criteria, were not available in the retrieved content.
The fund was launched with a donation of 1 bitcoin and 10,000 ether from the Switzerland-based Ethereum Foundation. Reporting on the fund put its holdings at the equivalent of over US$4 million, or 5.82 bitcoin and 2,602 ether, making it the first vehicle within the United Nations to use digital assets.
The initiative is framed as supporting innovation and open source development in blockchain technology. Coverage describes UNICEF as now accepting cryptocurrency donations as part of the fund's launch. Source material available for this story is limited, and details beyond the launch announcement, including governance structure and investment criteria, were not available in the retrieved content.
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