February 24, 2025
Bybit, a global cryptocurrency exchange, has committed $1 million to EthicHub, a blockchain-based financing platform focused on agricultural supply chains. The investment, arranged through an agreement with LendingDev, EthicHub’s operator, will be allocated to a dedicated credit pool supporting smallholder coffee farmers.
Under the terms of the agreement, the "Bybit Pool" will provide loans to coffee producers, offering an alternative to traditional lending models. Bybit’s investment is structured with an annual return of 8% over 15 months, with LendingDev responsible for quarterly reporting and financial oversight. The Blockchain for Good Alliance (BGA) facilitated the partnership, aligning with its mission of leveraging blockchain for economic development.
EthicHub connects small-scale coffee farmers with direct financing opportunities, bypassing conventional intermediaries. Producers gain access to capital for improving production techniques and expanding market reach. The funds from Bybit’s investment are expected to increase credit availability across multiple farming regions.
About EthicHub
EthicHub is a blockchain-based platform designed to improve financial access for smallholder farmers. The system links agricultural producers with global investors, offering direct credit lines that support sustainable production and market expansion.
Website: https://ethix.ethichub.com/
X: @EthicHub
About Investors
Bybit
Bybit is a cryptocurrency exchange providing digital asset trading, staking, and investment solutions. Launched in 2018, the platform serves a global user base, focusing on blockchain applications in finance.
Location: Dubai
Website: https://www.bybit.com/en/
Blockchain for Good Alliance
The Blockchain for Good Alliance (BGA) supports blockchain-driven projects that promote financial inclusion and economic development. The organization facilitates strategic partnerships between technology firms and social impact initiatives.
Location: Dubai, United Arab Emirates
Website: https://www.chainforgood.org/
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