University of Austin and Unchained Team up To Raise $5 Million for Bitcoin Endowment

Unchained and the University of Austin (UATX) have partnered to create a long-term Bitcoin endowment.

Joseph Kelly, CEO and co-founder of Unchained, has donated two Bitcoin to start the campaign, supporting UATX's efforts to incorporate Bitcoin into its financial strategy.

I’ve seen the values the organization places on free speech and on building a modern academic institution that’s integrated with the marketplace, and I’m thrilled to play a role in helping the university make bitcoin a part of its long term strategy.

The initiative aims to raise $5 million for the university's endowment, which will be held in Bitcoin for at least five years. 

Unchained, a Bitcoin financial services provider specializing in multisig Bitcoin vaults, will manage and secure the funds.

The partnership will also connect UATX with the Bitcoin community through joint marketing efforts, events, guest lectures, and debates.

Thomas Hogan, incoming Associate Professor at the Center for Economics, Politics, and History, believes Bitcoin can help advance UATX’s mission of fostering future leaders.

Founded in 2016, Unchained manages over $6 billion in Bitcoin, assisting individuals and businesses in securing their Bitcoin through its custody model. 

The University of Austin is a private, nonprofit institution focused on pursuing truth.

Kelly notes that this partnership aims to address challenges in higher education and financial services by utilizing Bitcoin's technology to ensure the security of UATX's long-term holdings.

By choosing Unchained as a partner, the university is also signaling its assessment of bitcoin’s function as a freedom preserving technology, with our custody model helping to ensure there is no single point of failure to UATX’s long-term holdings.