Blockchain for Good Alliance Facilitates Bybit’s $1M Impact Investment in EthicHub

The Blockchain for Good Alliance (BGA) is proud to announce its pivotal role in facilitating a significant $1 million impact investment by Bybit, a leading global cryptocurrency exchange, into EthicHub, a groundbreaking blockchain-based impact investment platform.

This collaboration, formalized through an investment agreement between Bybit and LendingDev (the operator of EthicHub), marks a step forward in leveraging blockchain technology to drive social good.

Empowering Sustainable Coffee Supply Chains

EthicHub operates as an impact investment platform focused on financing sustainable coffee supply chain projects through innovative and responsible mechanisms. Bybit’s $1 million investment will be utilized exclusively within the EthicHub ecosystem, creating the "Bybit Pool"—a dedicated, branded fund to provide credit lines to coffee farming originators across regions.

Key Terms of the Partnership

The investment agreement includes the following highlights:

• Exclusive Fund: Bybit’s $1 million investment will be exclusively managed by EthicHub to ensure transparency and accountability.
• Social Impact Goals: The fund aims to support coffee farmers with ethical, sustainable financing, fostering economic resilience.
• Financial Returns: Bybit will receive an annual return of 8% over the 15-month term of the Bybit Pool.
• Transparency & Reporting: LendingDev will provide quarterly performance updates and complete end-of-term reports, ensuring all funds are responsibly allocated.

Blockchain for Good Alliance: Bridging Impact and Innovation

The Blockchain for Good Alliance served as a trusted intermediary in this partnership, aligning stakeholders with its mission to drive societal good through blockchain technology. This collaboration reflects BGA’s commitment to fostering partnerships that address real-world challenges while supporting blockchain startups and innovators worldwide.

As a long-term collaborative initiative, BGA remains dedicated to creating an equitable and sustainable future through impactful alliances like this one.

Impact Spotlight: Transforming Lives Through Blockchain Innovation

The partnership between Bybit and EthicHub demonstrates the real-world impact of blockchain technology on agricultural communities.

"Blockchain has the power to unlock new financial opportunities for those historically excluded from traditional banking systems. Our $1 million investment in EthicHub reinforces Bybit's dedication to using innovation for real-world impact, proving that blockchain can be both profitable and transformative," said Helen Liu, Chief Operating Officer at Bybit and Founder of the BGA.

Neri Ortiz: From Struggle to Sustainability

In Motozintla, Mexico, Neri Ortiz faced challenges familiar to smallholder coffee farmers worldwide: fluctuating prices, exploitative middlemen, and limited access to fair financing. As neighboring farmers abandoned their lands for more stable opportunities, Neri's future in coffee farming looked increasingly uncertain.

Through EthicHub's blockchain platform, Neri gained access to fair credit that transformed his operation. With proper financing, he invested in quality-enhancing techniques like controlled fermentation, which significantly improved his coffee's market value.

By connecting directly with specialty coffee buyers in international markets, Neri secured premium prices for his beans while eliminating intermediaries who had previously captured most of the value. This newfound economic stability allowed him to reinvest in sustainable farming practices and share his knowledge with fellow farmers.

The $1 million investment from Bybit into EthicHub will extend these opportunities to hundreds more farmers like Neri across coffee-growing regions. BGA is proud to have facilitated this connection between innovative blockchain solutions and agricultural communities in need of financial inclusion.

This partnership exemplifies how collaboration between established blockchain enterprises and innovative platforms can create sustainable economic opportunities while preserving valuable agricultural traditions.

A Call to Action

BGA invites like-minded organizations and individuals to join this movement by leveraging blockchain technology to address real-world challenges. Together, we can unlock blockchain’s transformative potential to create a better world.

For partnership inquiries, please contact us at:

Email: hello@chainforgood.org

Website: https://www.chainforgood.org/