Sector DAO
💰 Finance DAO
Build the financial infrastructure of Black self-reliance through banking growth, wealth gap closure, and intergenerational wealth transfer.
The Finance DAO leads all financial sovereignty initiatives in the BBS 10-Year Agenda — the largest single domain in the agenda. It coordinates the national Move Your Money campaign, financial literacy programming, group investment vehicles, and the BBS Estate Planning Initiative. The Finance DAO works with State DAOs to deploy these programs locally, activate regional wealth-building cohorts, and coordinate attorney partner networks for estate planning services within each jurisdiction.
Methods & Programs
- ›National Move Your Money campaign directing deposits to Black-owned financial institutions
- ›DAO-coordinated matching grant negotiations with corporate and philanthropic partners
- ›Fintech infrastructure partnerships to modernize Black bank capabilities
- ›Financial literacy curriculum deployed in all BBS chapter hubs
- ›Group investment vehicles — REITs, investment clubs, and DAO treasury participation
- ›BBS Attorney Partner Network for subsidized estate planning services
- ›DAO-funded estate planning grants for qualifying low-income households
Responsible for 3 Agenda Items
Agenda Items Led by the Finance DAO
Black-Owned Banking & Finance Growth
Objective: Grow total assets held in Black-owned banks and credit unions to $250 billion by 2035.
Current Assets: Under $10 billion — FDIC, 2023
This initiative is led by the Finance DAO. It will coordinate a national Move Your Money campaign through BBS-DAO governance, directing member and community deposits into Black-owned financial institutions. The Finance DAO will negotiate matching grant programs and fintech infrastructure partnerships, and integrate BBS-DAO treasury holdings with qualifying institutions.
Methods
- ›DAO-coordinated national Move Your Money deposit campaign
- ›Matching grant program negotiations with corporate and philanthropic partners
- ›Fintech infrastructure partnerships to modernize Black bank capabilities
- ›BBS-DAO treasury investment in Black-owned financial institutions
Closing the Wealth Gap
Objective: Increase median Black household wealth from approximately $24,000 to $100,000 by 2035.
Median Black Household Wealth: $24,100 | Median White Household Wealth: $189,100 — Federal Reserve Survey of Consumer Finances, 2022
This initiative is led by the Finance DAO. It will embed a mandatory financial literacy curriculum into every BBS chapter hub, operate group investment vehicles accessible to members across all income levels, and create structured pipelines connecting financial education directly to business ownership. State DAOs deploy these programs locally and coordinate regional wealth-building cohorts.
Methods
- ›Financial literacy programming deployed in all BBS chapter hubs
- ›Group investment vehicles — REITs, investment clubs, and DAO treasury participation open to members
- ›Business ownership pipelines connecting financial education to enterprise development
- ›Wealth-building cohort program pairing members with financial advisors and coaches
Intergenerational Wealth Transfer
Objective: Increase the percentage of Black households with estate plans, wills, or trusts from under 30% to 75% by 2035.
Black Households with Estate Plans: Under 30% — Caring.com State of Estate Planning Survey, 2023
This initiative is administered by the Finance DAO. It will establish an Estate Planning Initiative operating through every BBS chapter hub, partnering with Black attorneys and financial planners to provide subsidized estate planning services. DAO governance allocates treasury funds to support low-income households. State DAOs coordinate attorney partner networks within their jurisdictions.
Methods
- ›Legal and financial literacy workshops conducted in all BBS chapter hubs
- ›BBS Attorney Partner Network — vetted Black attorneys offering subsidized services to members
- ›DAO-funded estate planning grants for qualifying low-income households
- ›Integration of estate planning into BBS onboarding and financial literacy curriculum
Get Involved
Join the BBS Network
Charter Members participate in the BBS-DAO governance structure, including the work of Sector DAOs like the Finance DAO.