Unchained and the University of Austin (UATX) are teaming up to integrate Bitcoin into the university’s long-term endowment strategy. This collaboration is spearheaded by Joseph Kelly, CEO and co-founder of Unchained, who has personally donated 2 BTC to kickstart the initiative. Kelly, a passionate supporter of UATX’s mission, is enthusiastic about embedding Bitcoin into the financial foundation of an institution that values free speech and market integration.
The initiative’s goal is to raise $5 million in Bitcoin, which UATX has committed to holding for at least five years. These funds will be securely managed by Unchained, a prominent Bitcoin financial services provider known for its expertise in multisig Bitcoin vaults.
This partnership represents a significant step in blending the worlds of higher education and digital finance. It aims to bridge UATX with the broader Bitcoin community through joint marketing campaigns, events, guest lectures, and debates. Thomas Hogan, the incoming Associate Professor at the Center for Economics, Politics, and History at UATX, emphasized that university endowments are meant to serve students. Bitcoin, he believes, offers a unique opportunity to advance UATX’s mission of fostering future leaders and innovators.
Unchained, founded in 2016, currently manages over $6 billion in Bitcoin. The company assists thousands of individuals and businesses in maintaining control over their Bitcoin keys through a collaborative custody model. This model ensures that there is no single point of failure, enhancing security for its clients.
UATX is a private, nonprofit institution dedicated to the fearless pursuit of truth. Both the university and the Bitcoin community are striving to build future-focused institutions at a time when higher education and financial services are often dominated by entrenched powers that restrict freedoms through censorship.
By choosing Unchained as a partner, UATX is signaling its belief in Bitcoin as a technology that preserves freedom. Kelly highlights that Unchained’s custody model helps protect UATX’s long-term holdings, ensuring the university’s financial strategy remains robust and secure. This partnership not only aligns with UATX’s values but also sets a precedent for other academic institutions to consider the potential of digital assets in their endowments.
