Unchained and the University of Austin (UATX) have announced a groundbreaking collaboration to establish the first long-term endowment fund held in Bitcoin. This initiative, spearheaded by Unchained CEO Joseph Kelly, aims to raise $5 million in Bitcoin for the University’s endowment, with the University committed to holding the BTC for a minimum of five years. The partnership will see the endowment funds securely managed by Unchained, a leading Bitcoin financial services provider specializing in multisig Bitcoin vaults.
The collaboration between Unchained and UATX also seeks to integrate the University with the broader Bitcoin community through joint marketing campaigns, events, guest lectures, and hosted debates. Thomas Hogan, incoming Associate Professor at the Center for Economics, Politics, and History, highlighted the unique opportunity that Bitcoin presents in advancing UATX’s commitment to nurturing future leaders and innovators. Unchained, founded in 2016, currently manages over $6 billion in Bitcoin and assists individuals and businesses in holding their Bitcoin keys through its collaborative custody model.
The University of Austin is a private, nonprofit institution dedicated to the pursuit of truth, with a focus on free speech and integrating academic pursuits with real-world applications. By choosing Unchained as a partner, UATX is signaling its recognition of Bitcoin as a technology that preserves freedom, with Unchained’s custody model ensuring that there is no single point of failure in the University’s long-term Bitcoin holdings. This partnership represents a bold step towards building institutions for the future in a time where traditional higher education and financial services are constrained by established powers.
Joseph Kelly, who personally donated 2 BTC to kickstart the campaign, expressed his enthusiasm for the values and goals of UATX. He commended the University’s focus on free speech and its commitment to creating a modern academic institution that is aligned with market trends. The collaboration between Unchained and UATX signifies a shared vision of leveraging Bitcoin to innovate and advance academic pursuits, while also staying true to the principles of freedom and empowerment.
The partnership aims to merge UATX with the vibrant Bitcoin community through collaborative efforts such as joint marketing campaigns, events, and guest lectures. By holding Bitcoin in its endowment fund, UATX is embracing a forward-thinking approach to finance and investing, and signaling its belief in the long-term potential of cryptocurrencies. Unchained’s expertise in managing Bitcoin assets and its commitment to security and transparency make it a natural fit for this partnership, ensuring that the University’s endowment funds are managed with the highest level of professionalism and security.
In a landscape where censorship and restrictions are prevalent, both UATX and the Bitcoin community are pioneering institutions that prioritize freedom and empowerment. By coming together in this collaboration, Unchained and UATX are setting an example of how traditional institutions can embrace innovative technologies like Bitcoin to advance their missions and create a more inclusive and transparent future. As the partnership evolves, it is expected to bring about new opportunities for both UATX students and the broader Bitcoin community to engage, collaborate, and innovate together.
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