Unchained and University of Austin (UATX) cooperate for Bitcoin endowment fund
Unchained, a Bitcoin financial services provider, has partnered with the University of Austin (UATX) to create a Bitcoin-based endowment fund for the university.
Joseph Kelly, CEO of Unchained, donated 2 BTC to the initiative and underlined that he shares UATX’s values of freedom of expression and market integration.
The goal is to raise $5 million in Bitcoin for the university's endowment, which the UATX will hold for at least five years.
Unchained will manage these funds in its multisig Bitcoin Vaults to ensure secure and collaborative storage.
Joint projects to deepen the partnership
The collaboration not only covers financial aspects, but also includes marketing campaigns, guest lectures and organized debates. This partnership aims to deepen UATX's engagement with the Bitcoin community and support the university's mission to develop leaders and innovators.
Thomas Hogan, a future professor at UATX, highlighted Bitcoin’s potential to increase the university’s engagement with its students.
Unchained and University of Austin at a glance
Founded in 2016, Unchained now manages over $6 billion in Bitcoin and helps both individuals and businesses securely manage their Bitcoin holdings. The University of Austin sees the partnership as a strategic move to align with Bitcoin's ethos of preserving freedom, especially in the context of higher education and financial services.
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