The Giving Block launches crypto donation service for high-net worth individuals By

The Giving Block, an online platform which allows nonprofit organizations and charities to accept digital asset donations, has launched a service tailored to donors wishing to send large amounts of crypto.

In a Wednesday announcement, the Giving Block said it partnered with crypto tax startup Taxbit, New York-based accounting firm Friedman LLP, and Ren to start a service aimed at individuals, institutions, and advisors looking to reduce their tax exposure when donating crypto. Giving Block co-founder Pat Duffy said the Private Client Services streamlines its existing donation process allowing “high-value donors to quickly and securely give large gifts to their favorite charities while reducing their tax bill.”